Latest news with #PassengerTraffic
South China Morning Post
3 days ago
- Business
- South China Morning Post
China's Shenzhen, Guangzhou airports hit record highs – surpass pre-Covid passenger levels
Passenger traffic at airports across China's Greater Bay Area continued to rise in the first half of 2025, with Guangzhou and Shenzhen leading the region's aviation rebound. Guangzhou's Baiyun Airport handled 40.04 million passengers during the period, up 9.2 per cent year on year, while Shenzhen's Baoan Airport served 32.55 million – a 10.8 per cent increase, according to figures released by the two airports. Both have now surpassed their pre-pandemic highs. International traffic at both airports also surged, partly due to China's expanded visa-free entry policy . Baiyun logged over 8.18 million inbound and outbound passengers – up 22.9 per cent year on year – while Baoan saw more than 3.05 million, a 30.7 per cent increase from a year earlier. In contrast, Hong Kong International Airport reported that it handled 29.4 million passengers in the first half of 2025, a 16.5 per cent year-on-year increase – but still short of the 37.8 million recorded during the same period in 2019. Analysts said the performance of the Greater Bay Area's airport cluster was driven by the region's economic dynamism and improved connectivity. 'The rapid growth in passenger volumes at Guangzhou and Shenzhen reflects the vibrant business activity in the cities as well as strong demand from mainland tourists to the areas,' said David Wong, a lecturer at Hang Seng University in Hong Kong, who has researched the link between air transport and regional development. 'Meanwhile, Hong Kong airport's competitiveness in attracting both international and mainland passengers has weakened compared to previous years, with its market share in the GBA aviation sector under pressure.'
Yahoo
22-07-2025
- Business
- Yahoo
Ryanair Holdings PLC (RYAAY) Q1 2026 Earnings Call Highlights: Record Profits and Strategic ...
Profit After Tax: EUR820 million, up from EUR360 million in the prior year Q1. Passenger Traffic: Increased by 4% to 58 million passengers. Average Fares: Increased by 21%. Revenue per Passenger: Rose by 15%. Ancillary Revenues: Up 3% on top of 4% traffic growth. Unit Cost Inflation: Up just 1%. Operating Costs: Rose 1% per passenger. Net Cash: Increased by EUR2 billion. Fleet Expansion: 181 Gamechanger aircraft, an increase of 25 aircraft from June 2024. Fuel Hedging: FY26 almost 85% hedged at $76 a barrel; 36% of FY27 hedged at just under $66 a barrel. Traffic Growth Forecast: Expected to grow 3% to 206 million passengers in FY26. Warning! GuruFocus has detected 2 Warning Sign with BOM:511196. Release Date: July 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Ryanair Holdings PLC (NASDAQ:RYAAY) reported a strong Q1 profit after tax of EUR820 million, a significant increase from EUR360 million in the prior year. Traffic grew by 4% to 58 million passengers, with a 21% increase in average fares. Revenue per passenger rose by 15%, and ancillary revenues increased by 3% on top of the 4% traffic growth. The company maintained excellent unit cost control, with unit cost inflation rising by just 1%. Ryanair Holdings PLC (NASDAQ:RYAAY) is well-hedged for fuel costs, with FY26 almost 85% hedged at $76 a barrel, providing a 13% saving for FY27. Negative Points Traffic growth is being constrained by Boeing's delivery delays, impacting the company's ability to expand further. Operating costs rose by 1% per passenger due to increased ATC fees and higher environmental costs. The company faces external risks such as terrorism, tariff wars, and macroeconomic shocks, which could impact future performance. Ryanair Holdings PLC (NASDAQ:RYAAY) has limited visibility for the second half of the year, with only 6% of seats sold. The company is exposed to potential adverse developments, including European ATC strikes and mismanagement, which could affect operations. Q & A Highlights Q: How do you think the tariff situation will play out, and what is needed for you to lock in the attractive dollar rate on future aircraft deliveries? A: Michael O'Leary, Group CEO, believes tariffs are unlikely but could be short-lived if imposed. Ryanair has fixed price agreements with Boeing, who would be liable for tariffs. Neil Sorahan, CFO, mentioned that clarity from auditors on hedge accounting is needed to lock in the dollar rate for future aircraft deliveries. Q: What is Ryanair's stance on the cabin baggage regulations and capacity adjustments in certain regions? A: Michael O'Leary stated that the EU Parliament's suggestion on baggage has no legal status and is impractical. Ryanair supports defining a free carry-on bag size. Regarding capacity, Ryanair is reallocating from regions with high costs, like Germany, to more competitive areas such as Sweden and Hungary. Q: Can you comment on the better-than-expected close-in pricing in Q1 and the unit cost inflation for the full year? A: Michael O'Leary noted stronger close-in pricing due to less discounting and improved OTA distribution. Neil Sorahan expects modest unit cost inflation between 1% and 3% for the full year, depending on spot fuel prices and the final schedule. Q: How do you view the competitive environment in Central and Eastern Europe with Wizz Air's capacity changes? A: Michael O'Leary considers Wizz Air a high-cost competitor and believes Ryanair's cost advantage will prevail. He expects Wizz Air's strategy to compete in Central and Eastern Europe will highlight Ryanair's cost and price advantages. Q: What is Ryanair's approach to cash returns to shareholders given the current financial position? A: Michael O'Leary stated that Ryanair has a share buyback program of EUR750 million running until mid-2026. The company is focused on maintaining a strong balance sheet to address bond repayments and potential opportunistic CapEx, with a commitment to return excess cash to shareholders. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
15-07-2025
- Business
- Zawya
Passenger traffic at Salalah Airport rises by 6.7%
Muscat: Passenger traffic at Salalah Airport recorded a notable increase of 6.7% by the end of May 2025, reaching 557,298 passengers, compared to 522,224 during the same period in 2024. This growth comes amid varying trends in traffic across Oman's major airports, as reported in preliminary statistics released by the National Centre for Statistics and Information (NCSI). Nationwide, the total number of passengers traveling through Oman's airports — Muscat, Salalah, Sohar, and Duqm — reached approximately 5.79 million by the end of May 2025. This reflects a 3% decrease compared to 5.97 million passengers in the same period of 2024. Muscat International Airport remained the busiest, handling 5.21 million passengers, down from 5.39 million the previous year, marking a 3.5% decline. Flight operations at the airport also declined by 7.5%, with 37,307 flights recorded compared to 40,322 flights in the corresponding period last year. While Salalah Airport posted growth in passenger numbers, it experienced a slight drop in total flight operations, with 3,717 flights recorded — a 0.3% decline compared to 3,730 flights in May 2024. Sohar Airport, however, saw a dramatic downturn in activity, with a 98.8% drop in passenger traffic. Only 336 passengers used the airport by the end of May 2025, compared to 27,350 during the same period in 2024. Flights at Sohar also fell sharply by 63.7%, totaling 82, compared to 226 the previous year. At Duqm Airport, operations showed marginal declines. Passenger traffic dropped by 1.2%, reaching 25,371, down from 25,675 in May 2024. Flight operations also saw a slight decrease of 1.5%, recording 256 flights compared to 260 flights a year ago. In terms of nationality, Indian nationals topped the list of most frequent travelers through Muscat International Airport during May 2025. A total of 193,861 passengers were recorded, comprising 85,447 arrivals and 108,414 departures. Omani nationals followed, with 108,916 passengers (54,086 arrivals and 54,830 departures), while Pakistani nationals ranked third with 46,930 passengers, including 21,267 arrivals and 25,663 departures. The data reflects both regional growth trends and shifting travel dynamics across Oman's aviation sector. Further updates are expected in the coming months as seasonal travel patterns evolve. Observer Web Team
