China’s Chongqing Airport stated it is targeting 22.0 million passengers and 300,000 tonnes of cargo in 2012, according to the Chongqing Daily. The airport reported a 20.6% year-on-year increase in passenger numbers to 19.1 million and a 19.6% growth in cargo volume to 237,00 tonnes in 2011, making it the fastest growing airport out of China’s top 10 airports. The airport was also ranked ninth in terms of annual passenger numbers in China in 2011.
Chongqing Airport targets 22 million pax in 2012
You may also be interested in the following articles...
Ryanair's 117million pax in 2016 tops European airline groups. The first time an LCC topped rankings
For the first time ever in Europe, in 2016 a low cost airline carried more passengers than any other airline or airline group, as Ryanair's 117 million passengers pushed Lufthansa Group's 110 million into second place. Ryanair had beaten Lufthansa itself, but not the whole Lufthansa Group. IAG's first full year of including Aer Lingus helped it to take third place from Air France-KLM. Europe's number two LCC, easyJet, was ranked fifth.
The big five can be expanded into a big seven to include Turkish Airlines and the Aeroflot Group, although these two had contrasting growth rates in 2016. A chasing pack of middle sized airline groups includes three LCCs (Norwegian, Pegasus and Wizz Air) and three legacy airlines with varying challenges to establishing sustainable profitability (SAS, Air Berlin Group and Alitalia).
Most of the faster growing airline groups in the top 20 are LCCs and the main growth drivers for Europe's big three legacy groups are their LCC subsidiaries. Just outside the top 20 are some fast growing legacy airlines in Eastern Europe, demonstrating the potential there. Nevertheless, unless there is a big merger or acquisition, Ryanair looks set to remain at number one for some time.
Uncertainty, unpredictability – and unprofitability? – in 2017
Uncertainty usually spells bad news for economic growth, for business and discretionary spending and, in turn for airlines. There is plenty of uncertainty in the air as 2017 gets under way.