Tag: growth

Passenger Demand Accelerates in June

Reading Time: 1 minute The International Air Transport Association (IATA) announced global passenger traffic results for June showing that demand rose by 7.8% compared to June 2017. This was up from 6.0% year-over-year growth recorded in both May and April. June capacity (available seat kilometers or ASKs) increased by 6.5%, and load factor rose 1.0 percentage point to 82.8%. […]

Hahn Air Reports Huge Network Growth in 2017

Reading Time: 1 minute Hahn Air, a German scheduled and business charter airline, has reported a significant uptick in network growth of over 16% in 2017. A total of 46 new carriers comprising of air, rail and shuttle partners were integrated into the airline’s network. The company’s HR-169 document product was reportedly selected by 29 additional partners, which included […]

Magnetic MRO Continues to Grow with a New Strategic Investor

Reading Time: 1 minute Magnetic MRO, a global Total Technical Care maintenance and asset management organisation, has announced change in its shareholder structure. Its major shareholder, a private equity firm BaltCap, together with minority shareholders, are selling 100% of the shares in Magnetic MRO to Guangzhou Hangxin Aviation Technology (“Hangxin”). Magnetic MRO has grown over the past 5 years […]

EasyJet Posts Strong 3Q Results And Raises FY2017 Profit Outlook

Reading Time: 2 minutes UK-based low-cost carrier (LCC) easyJet reported a strong balance sheet with net cash of £426 million ($553 million) as of June 30. As a result, easyJet raised its profit guidance and expects its pretax headline profit for the full-year to reach £380–£420 million, compared with the £365 million analysts predicted. However, the LCC warned low […]

airBaltic Achieves Record Passenger Growth In The Baltic Region

Reading Time: 1 minute In the first five months of 2017, the Latvian airline airBaltic has transported 29% more passengers from Lithuania and Estonia compared to the same period a year before. From January until May, airBaltic has transported a record number of passengers – 146,116 customers from Estonia, the highest number since the beginning of operations in Estonia. […]

Heathrow Has Best April On Record – Exports Growing Rapidly

Reading Time: 2 minutes A busy Easter helped Heathrow Airport to break records as over six million passengers were welcomed during the month, an 11% raise compared to April 2016. Middle-East traffic rose 20% in light of an increase in the number of operational A380s and the new service to Tehran, whilst North American traffic rose 10% on higher […]

Global Air Freight Demand Increases 14% In March

Reading Time: 3 minutes The International Air Transport Association (IATA) released March 2017 demand growth results for global air freight markets showing a 14% expansion measured in freight tonne kilometers (FTKs) compared to the same period last year. This was the fastest pace of growth recorded since October 2010. Freight capacity, measured in available freight tonne kilometers (AFTKs), grew […]

Moscow Airports Report Increased Traffic Growth in March

Reading Time: 2 minutes The number of passengers served by Moscow’s Domodedovo, Sheremetyevo, and Vnukovo airports increased by 16.4% year-on-year to 6.071 million, the Federal Air Transport Agency (FATA) reports. To compare, the February growth across the three airports stood at 15.4%. Vnukovo saw its passenger traffic decline year-on-year in March; the Sheremetyevo figures remained unchanged, while Domodedovo built […]

London Oxford Airport Sees Trend in Larger Bizjets

Reading Time: 2 minutes London Oxford Airport finished 2016 as the sixth busiest London airport for business and general aviation – ahead of London City Airport – and entered 2017 as the 16th busiest in Europe – in front of London Stansted and Northolt – according to the latest data from WINGX and Eurocontrol. Significantly, the airport is regularly […]

Lithuanian Airports Growing Faster Than the Average In Aviation Market

Reading Time: 2 minutes The first quarter of 2017 in Lithuanian Airports was marked by significant results. Not only the number of passengers in the country’s airports exceeded one million and was 16% higher than during the same period last year, but also the number of flights in Vilnius, Kaunas and Palanga grew by 12% and amounted to 12,000. […]