CAAC estimates China’s aviation industry profit will decline by 18.5% year-on-year to CNY29.5 billion (USD4.6 billion) in 2012 including a 24.8% decline in airline profit to CNY20.9 billion (USD3.3 billion), as reported by Beijing Business Today and Carnoc.com. CAAC estimates China’s aviation profit will account for roughly 60% of the world’s civil aviation profit. CAAC also forecasts Chinese carrier will transport 320 million passengers, up 9.2% year-on-year, in 2012. China currently has 46 airline companies, including 10 cargo airlines, operating a fleet of 3238 aircraft as of 30-Nov-2012 including 1922 civil aviation aircraft. In 2013, CAAC forecasts the sector will transport 350 million passengers, an increase of 9.4%, and 5.7 million tons of cargo, up 4.3%.
CAAC: Aviation industry profit to fall 19% in 2012, pax up 9%
You may also be interested in the following articles...
Pobeda: Aeroflot's fast-growing LCC hs become a key part of its multi-brand strategy
Two years on from its Dec-2014 launch Aeroflot's LCC subsidiary Pobeda is firmly established as the fifth largest airline in Russia by seats, with a 6.8% share in the domestic market (week of 19-Dec-2016, source: OAG). Bucking the trend of declining traffic in the Russian market – which is being dragged down by falling international demand – Pobeda is growing rapidly.
Although still strongly domestically focused, the Moscow Vnukovo-based airline commenced international operations in Feb-2016 and will have launched 12 international routes during the course of 2016.
On a city pair basis, 23 of the 41 Pobeda routes in 2016 are not operated by other Aeroflot Group airlines. There are 17 Moscow routes (and one from Saint Petersburg) flown by both Pobeda and Aeroflot from different airports. An important part of the Aeroflot Group's multi-brand strategy, Pobeda is the only LCC in Russia and has stimulated demand among price-sensitive passengers in point-to-point markets.
Flybe at Heathrow: Europe's largest regional airline enters Europe's largest airport, gets new CEO
On 20-Dec-2016 Flybe announced its first ever routes from London Heathrow and the appointment of a new chief executive. Europe's largest regional airline will launch Heathrow to Aberdeen and Edinburgh at the start of summer 2017. Former CityJet head, Christine Ourmieres-Widener, will become CEO of Flybe from 16-Jan-2017, replacing Saad Hammad, who left on 26-Oct-2016.
Flybe already operates to the two Scottish cities from London City in competition with British Airways. Its Heathrow turboprop services will compete directly with BA's narrowbody jets, and there is also competition from Ryanair and easyJet from other London airports on the city pairs. Flybe has previously baulked at Heathrow's high charges, but has now changed its mind.
Flybe's new Heathrow services will use slots previously used by Virgin Atlantic's Little Red on the same routes. Little Red failed to fill its aircraft and ceased operating after two years. Flybe will be hoping that its smaller aircraft and lower frequencies will be easier to fill. Extending its codeshare agreements with its long haul partners to include Heathrow routes would help. It will also do Flybe no harm that it already participates in the Avios loyalty scheme owned by IAG, the parent of Heathrow's largest airline British Airways.