According to the Amadeus Air Traffic Travel Intelligence report recently released, budget flights in Europe and other regions are trending to dominate air travel. The report reveals low cost carriers taking up as much 14% of all air travel, while cheap flights in Europe account for 38% overall.
Ryanair
Europe Airlines and Economic Engines Lost
According to a report from the CAPA Center for Aviation, the 13 largest European airlines lost an aggregate net profit of some 72% last year. With costs growing faster than revenues (8.5% versus 8%) it seems clear some of these 13 will founder if things don’t change.
Boeing Lands Ryanair Contract, Biggest Ever in Europe
Boeing has just landed a Ryanair contract that is the largest ever from a European carrier. Boeing is to supply some 175 aircraft to the budget carrier, the purchase price totals were not disclosed.
Ukraine’s Kolesnikov Fixes UEFA PR Disaster
Since UEFA president Michel Platini blasted hotel owners in Ukraine for alleged price gouging of fans intent on visiting for the 2012 Championships, officials there have been on something of a charming political rampage. Everything from guarantees of more rooms to cut rate airfares now garnish what should have always been a fair sports travel shake.
Malev Grounding Leads to Air Fare Hikes
Following the recent news of Hungarian national carrier Malev’s bankruptcy, air passengers to Southeast Europe are facing fewer choices combined with increased fares, according to travel agents in the region.