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September 2022, Virtual
September 29 2022, Virtual
BA had a 0.2% drop in premium traffic in September but non-premium traffic rose by 4.2%.The carrier otherwise enjoyed a year-on-year rise of 3.6% in Revenue Passenger Kilometres. The rise resulted in a 2.2% load factor increase compared to last September which now stood at 77.9%.The dip in premium traffic is likely to have caused by the disruptions the carrier suffered during September.Ryanair, the major European low cost carrier, reported a 17% rise in passengers for September compared with the same month in 2003.
Niche airlines ready to grow
Mike Ambrose, director general of the European Regions Airline Association (REAA) told its AGM that members had “rekindled growth through new business models and fierce cost-cutting” and were now ready to invest for the future.Speaking at the meeting in Vienna, Mr Ambrose said while yields were still falling, passenger numbers were rising to the extent that airlines were looking ahead to see how to use future income.
SN Airholding and Virgin Express Holdings have completed their deal putting SN Brussels Airlines and Virgin Express under common ownership.The agreement means that SN Airholding has 100% of the Brussels-based low cost carrier and 92% of the full service SN Brussels Airlines. Virgin Express Holdings now has a 29.9% stake in SN Airholding.
Slot Shake up
The EC is considering plans for a major shake up of slot allocations at Europe's busiest airports. Among the ideas being floated are slot auctions.Currently, slots are often held on an historic basis and only forfeited if unused. Large carriers, like Air France, Lufthansa and BA tend to own the bulk of slots at their hubs.The EC aim is to find a fairer way to allocate slots which would allow newcomers to get an entry at congested airports.