Iberia Express reportedly carried 2.8 million passengers during its first year of operations, with 23,000 operations and 94% on-time performance, results which were welcomed by CEO Luis Gallego. According to reports by Europa Press, EFE and Servimedia, the carrier operated 24 routes in its first year, 15 domestic, from its base at Madrid Barajas International Airport with a fleet of 14 A320s. Mr Gallego said, "In an economic context as complex as 2012, and even with a rise in airport charges which were not included in our forecasts which had an impact of EUR2.5 million of which we absorbed, at Iberia Express we succeeded in closing our first year surpassing our initial objectives." Mr Gallego added, "Our financial results, our market position as the fourth airline at Madrid Barajas and our punctuality rates are a clear sign that the model works and that Iberia Express is a company that is able to operate short and medium-haul competitively and efficiently."
Iberia Express carriers 2.8m pax in first year of operations with 94% on-time-performance
You may also be interested in the following articles...
Spain aviation and LCCs: 2016 traffic above pre-crisis levels, but capacity surplus unsustainable
After suffering a protracted recession in 2009 to 2013, Spain's air travel market at last looks set to exceed its pre-crisis passenger numbers in 2016, albeit with something of an airline capacity glut. During the recession traffic was actually remarkably robust, thanks to buoyant inbound tourism and the growth of LCCs.
Europe's third largest aviation market by seats is dominated by short haul, with long haul strongly skewed towards trans-Atlantic routes (North and South) – principally operated by a resurgent Iberia and Air Europa. For long haul connections elsewhere Spain relies on other European hubs, although Iberia has re-entered Asia Pacific with Madrid-Shanghai, and plans a Tokyo service. The superconnectors have yet to make a big impression in Spain, but this may change.
Ryanair has been the largest airline by seats in Spain since 2013, the result of its own growth and also of second ranked Iberia's restructuring. IAG's other Spanish airline – the fast-growing Vueling – has been the country's number three ranked airline since 2010, pushing Air Europa into fourth. Madrid has remained Spain's largest airport, but Barcelona's growth has outpaced Madrid's. Spain's airport operator AENA is benefiting from double-digit growth this year, but airlines are suffering yield declines.