Germany's Cologne Bonn Airport stated (24-Sep-2012) it expects to report a profit of EUR3 million in the current business year. “In the light of the generally difficult conditions on the German aviation market, we are pleased with this result," said Michael Garvens, the chairman of the management board Flughafen Köln/Bonn GmbH. “Reductions in flight routes as a consequence of the air traffic tax has put a damper on passenger air traffic throughout Germany; in the domestic flight sector the figures have even taken a downward turn. In the air cargo sector, Cologne/Bonn is one of the few airports in Germany that can show a plus.” The airport is expecting a 3% year-on-year decline in passenger numbers to 9.3 million in 2012, amid a reduction of seating in the airlines operating at Cologne Bonn Airport. “Our customers suffer greatly from the air traffic tax, that gives a distorted image of competition in aviation,” Mr Garvens noted, stating that domestic passenger levels have been particularly effected since the tax is levied twice – on the outbound flight and on the return. Alone in 2Q2012, domestic air traffic declined by 3%. Mr Garvens also noted the cost pressure related to increased fuel costs, which has caused airlines to cancel routes or to restructure their programme. Meanwhile, with moderate growth of 1% to 750,000 tonnes, the development of cargo traffic at Cologne Bonn Airport for 2012 has been "comparatively positive", with the airport anticipated record results in cargo in 2012. [more - original PR - German]
Cologne Bonn Airport expects EUR3m profit in current business year, sees reduction in traffic
You may also be interested in the following articles...
Eurowings: new Munich routes outsourced to airberlin. Frankfurt hub may be next for Lufthansa's LCC
When Lufthansa began to transfer point-to-point short haul routes to its LCC Germanwings in 2013 it specifically excluded routes to/from its two main hubs at Munich and Frankfurt. Although its two main hubs have been less penetrated by LCCs than many other major European airports, this is changing. Moreover, competitor LCCs are growing rapidly across Germany and in other Lufthansa Group home markets. Even Air France-KLM established a Munich base for its LCC Transavia in summer 2016 (but this is under review). More ominously, Ryanair is to enter Frankfurt in summer 2017.
Lufthansa first revealed in summer 2016 that it was considering opening a Munich base for its LCC operations, now grouped under the Eurowings brand. On 21-Dec-2016 it announced plans to base four A320 family aircraft at Munich for 32 Eurowings routes from summer 2017.
Perhaps it was always inevitable that Eurowings would eventually extend to selected routes from Frankfurt and Munich, but agreements with pilots were understood to have limited the group's flexibility. Confirmation that the operation of Eurowings routes at Munich will be outsourced to airberlin under wet lease appears to have loosened this restriction. Eurowings routes from Frankfurt are also being considered.
Airport pairs: Western Europe-US shows the value of open skies as routes and new entry proliferate
For Western Europe there is no bigger long haul market than North America. In terms of the number of airport pairs between the countries of Western Europe and long haul destination countries, connectivity to the United States dominates. There are more direct routes between Western Europe and the US than there are between Western Europe and the whole of Asia Pacific.
This report presents high level data on the numbers of airport pairs between each Western European country and the US and how these number have changed. EU-US liberalisation in 2008 has stimulated growth in the number of direct connections, although the global economic downturn impeded this for a while. However, the additional routes have not been spread evenly across Western European countries.
Since 2010, additional route numbers from Western Europe to the US have been greatest from the largest markets – the UK and the US – and from the smaller countries, particularly Ireland, Iceland and Norway. Countries in between, including France, Italy, Spain and the Netherlands, have hardly added any new US routes at all.