Hong Kong International Airport announced (01-Apr-2011) it handled 983 aircraft movements on 31-Mar-2011, a single-day record for the airport. The previous record was 973 movements set on 17-Dec-2010. The daily average at the airport is 891 movements. The Hong Kong Department of Civil Aviation recently increase runway capacity for the airport’s two runways to 61 movements per hour to meet increasing demand. Capacity will be increased to 62 movements per hour by 2012.
Hong Kong sets new daily record
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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.