BAA stated that its London Heathrow and London Stansted airports are expected to increase earnings in FY2012 more than forecast (This is London, 09-Jun-2011). Earnings are poised to increase despite an expected fall in passenger numbers at the airports, which the airport operator has revised down to 86.9 million from 88 million. Earnings should increase due to higher passenger spend in airports, which has increased expected EBITDA by GBP4 million to GBP1.12 billion.
Pax down but BAA earnings to climb on higher passenger spend
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Lisbon Humberto Delgado Airport considers 'annexing' another airport to solve capacity shortage
Is it possible to ‘annex’ a neighbouring airport – its runway(s) or terminal(s) or both – in order to provide additional capacity while coming under the direct control of the principal airport? That seems to be one potential solution to the capacity issues at Lisbon’s Humberto Delgado airport – or at least, that is the language being used. The problem is that the ‘annexed’ airport in this case would be a little matter of 20km (12.5 miles) by road from the principal one, across the Vasco de Gama Bridge over the River Tagus.
This report looks at what has prompted the Portuguese government to investigate this solution.
Meanwhile, Lisbon is not alone in considering such an option, one that has come under the microscope at Mumbai and London and which might be applied elsewhere.
Malaysia's AirAsia X: plans to lease two used 777-300ERs for London Gatwick summer 2017 relaunch
Malaysian long haul low cost airline AirAsia X is planning to dry lease two 777-300ERs from 2Q2017 to support the resumption of services to London Gatwick in Jun-2017. Its joint venture airline in Thailand is also aiming to launch long haul services to Europe in summer 2017 with a new route to Frankfurt, using the group’s existing A330-300ceo fleet.
The lease of second hand 777-300ERs enables AirAsia X to accelerate the relaunch of flights between its main home market of Malaysia and Europe. Previously AirAsia X was intending to wait for the delivery of the A330-900neo to resume long haul flights, which it last operated in 2012 with inefficient A340-300s.
The group was initially aiming to start operating A330-900neos from 2018, but first delivery has been delayed to early 2019. Short term leases on two 777-300ERs therefore give AirAsia X at least an 18 month jump on resuming London – a strategically important market.
However, the 777-300ERs come with high risks and costs, particularly given the current market conditions and the relatively low density full service airline configuration that AirAsia X inherits with the aircraft.