Loading

Taoyuan International Airport Director Chungli Yu discusses the airport’s rapid LCC growth and expectations for further LCC growth. Taipei’s main airport has benefitted from growing outbound and inbound demand – with Taiwan emerging as a popular tourist destination and Taiwanese residents’ appetite for travel increasing, stimulated by low fares within Asia. Taoyuan passenger traffic has more than doubled over the last decade and the LCC share of traffic has grown over this period from 2% to 20%.

CAPA Latin America Aviation & LCCs Summit

Upcoming Event

16-17
Sep
More

Curacao: CAPA Latin America Aviation & LCCs Summit

CAPA’s events attract the highest calibre of thought-leaders in the industry. This includes strong C-Level executive representation from all types of business models – from full service, LCCs and hybrid airlines.

CAPA Low Cost Long Haul Global Summit

Upcoming Event

10-11
Oct
More

Hamburg: CAPA Low Cost Long Haul Global Summit

CAPA’s events attract the highest calibre of thought-leaders in the industry. This includes strong C-Level executive representation from all types of business models – from full service, LCCs and hybrid airlines.

airBaltic announced (Sep-2019) the company is on track to achieve the revenue target of EUR500 million to EUR510 million for 2019. The EBITDAR margin is expected to remain in the range of 23% to 24%, compared to 22.6% in 2018. 2H2019 revenue is expected to exceed 1H2019 revenue, as a result of traditional seasonality trends. The carrier expects financial performance to improve in 2H2019. [more - original PR]

airBaltic stated (Sep-2019) consolidated 1H2019 financial results were affected by a price increase of CO2 emission allowances, with a negative impact of EUR2 million, and changes in IFRS 16 accounting standards, which increased costs for the lease of Q400 aircraft by EUR2 million year-on-year. Other factors affecting results included the negative impact of an increase in pilot, crew and technician salaries and an increase in deicing costs due to weather conditions being less favourable than in 1H2018. airBaltic Corporation however operated in line with expectations for 2019. [more - original PR]

Airports Council International (ACI) World reported (12-Sep-2019) new aviation hubs have begun to overtake the more mature markets of Western Europe and North America. The body has forecast that the world's airports are expected to welcome 10.7 billion passengers in 2022, the year in which emerging and developing markets are predicted to surpass advance markets. ACI forecasts that rising incomes in emerging markets with large populations and large land masses or numerous islands - where aviation is the only practical form of mass transportation - will "help propel global traffic to new heights in the coming years". [more - original PR]

Transat AT reported (12-Sep-2019) it expects its 4Q2019 to show a slight year-on-year improvement. The forecast is based on the following conditions:

  • Transat's trans Atlantic market outbound from Canada and Europe accounts for a large portion of its business during the summer season, with 83% of capacity sold from Aug-2019 to Oct-2019. Load factors fell 0.9% compared to summer 2018, while booking prices are 2.1% higher;
  • Transat's sun destinations outbound from Canada accounts for a lesser portion of its business during summer, with 83% of capacity sold and load factors up 5.6% year-on-year. Meanwhile, capacity for the company's sun destinations market during winter 2020 is up 9%, with 27% of capacity sold and load factors up 1.8%.
  • The impact from currency variations and lower fuel costs in USD is not expected to significantly increase operating costs, provided aircraft fuel prices remain stable and the CAD maintains its current level against the USD, EUR and GBP. [more - original PR - English/French] 

British Airways commenced cancelling services scheduled for 27-Sep-2019 due to a planned pilot strike on that date (Reuters, 13-Sep-2019). The airline stated it plans to contact all affected passengers to offer them a full refund or a rebooking on an alternative date, destination or airline. As previously reported by CAPA, the earlier pilots strike 09/10-Sep-2019 resulted in almost all of British Airways' schedule being cancelled.

International Association Of Machinists And Aerospace Workers (IAM) and Transport Workers Union (TWU) urged (12-Sep-2019) the US Department of Transportation (DoT) and US FAA to implement sections 551 and 335 of the FAA Reauthorization Act of 2018. Section 551 concerns the increasing number of assaults directed at customer service agents at airports, and requires commercial airlines to develop and submit a plan detailing protocol for when these incidents occur to the DoT for approval and also to update training procedures. Section 335 requires the DoT to modify current rules regarding flght attendant rest to mandate a 10 hour rest period without exception. According to the unions, neither of these sections have been enforced. [more - original PR]

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More