Latest news with #passengertraffic
Zawya
5 days ago
- Business
- Zawya
Jordan: Queen Alia Airport receives 814, 819 passengers in April
AMMAN — The Airport International Group (AIG) on Wednesday announced that Queen Alia International Airport (QAIA) received 814,819 passengers in April, an increase of 21.8 per cent, compared with the same month last year. The airport recorded 6,446 movements during April, recording an increase of 11.5 per cent compared with the same period last year, the Jordan News Agency, Petra, reported. The airport handled 5,538 tonnes within air cargo traffic, recording a decrease of 14.9 per cent compared with April 2024. The QAIA, during the period between January and April, received 2,952,141 passengers, marking a growth of 11.9 per cent, compared with the same period in 2024. Aircraft movements in the first four months saw an increase by 6.9 per cent, with the airport recording 23,972 movements, while air cargo traffic saw a decrease by 16.1 per cent to reach 21,695 tonnes compared with the same period last year. CEO of the AIG Nicolas Deviller said, "We are delighted with this significant increase in monthly passenger traffic, which came as a result of the seasonal travel momentum at the end of Ramadan and during the extended Eid Al Fitr holiday, which allowed many to meet their loved ones or spend a long-awaited vacation." © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (
Zawya
5 days ago
- Business
- Zawya
Queen Alia International Airport welcomes 814,819 passengers during April 2025
Amman: Airport International Group announced that Queen Alia International Airport (QAIA) welcomed 814,819 passengers (PAX) in April 2025, reflecting a significant 21.8% increase against the same period last year. Throughout the month, QAIA also recorded 6,446 aircraft movements (ACM), representing an 11.5% rise year-on-year. Meanwhile, cargo traffic reached 5,538 tons, marking a 14.9% decrease compared to April 2024. Cumulatively, from January to April 2025, QAIA received 2,952,141 PAX, indicating an 11.9% growth over the same period in 2024. ACM totaled 23,972, demonstrating a 6.9% rise, while cargo volumes stood at 21,695 tons, a 16.1% drop from the corresponding period last year. 'We are pleased with this substantial surge in monthly passenger traffic, which was spurred by the seasonal travel momentum around the end of Ramadan and an extended Eid al-Fitr holiday that offered many the opportunity to reunite with loved ones or enjoy well-earned vacations. As more passengers chose QAIA during this special time of year, our team remained dedicated to ensuring that each journey was defined by comfort, care and a truly welcoming experience that feels like home,' commented Airport International Group CEO, Nicolas Deviller. About Airport International Group Airport International Group is a Jordanian company comprising local and international investors with proven experience in airport rehabilitation, enhancement, operation and management. These include Groupe ADP (51%), Meridiam Eastern Europe Investments (32%), Mena Airport Holding Ltd. (12.25%) and Edgo Investment Holdings Ltd. (4.75%). In 2007, following a transparent and open international tender, the Government of Jordan awarded Airport International Group a Build-Operate-Transfer (BOT) concession agreement to manage the rehabilitation, expansion and operation of Queen Alia International Airport (QAIA); Jordan's prime gateway to the world. Since the agreement commenced, QAIA ranked first place for eight years in the Airport Service Quality Survey's 'Best Airport by Size and Region: Middle East' category for airports serving 5 to 15 million passengers; was amongst the top two in the 'Best Airport by Region: Middle East' category for four consecutive years; and was named 'Most Enjoyable Airport in the Middle East' twice. In 2022, QAIA became the first airport in the Middle East and the second in Asia Pacific to reach Level 4+ 'Transition' of the Airport Carbon Accreditation Program (valid until 2025), as well as the first airport in the Middle East to achieve Level 3 of the Airport Customer Experience Accreditation (renewed until February 2026). Moreover, in 2024, QAIA attained a 4-Star Airport Rating following its first-ever participation in the SKYTRAX World Airport Audit, signifying that staff service or product standards meet a good quality level. According to a comprehensive study commissioned by Airport International Group and conducted by International Air Transport Association (IATA) Consulting, in 2019, QAIA supported 238,000 jobs and JOD 2.5 billion (8.9%) in GDP. By 2032, these figures are expected to increase to 278,000 jobs and JOD 3.9 billion in GDP. Underscoring its socioeconomic significance and standing as the main entry point to the Kingdom, QAIA processes over 97% of passengers and 99% of cargo.
CBS News
6 days ago
- Business
- CBS News
Budget airlines contributing to passenger boom at NYC-area regional airports
Traffic is really taking off at two regional airports north of New York City. Budget airlines are powering the growth in passengers. On a random Tuesday afternoon, Westchester County Airport was a busy place. Frequent flier Jill Forrester said she has noticed a big increase in passenger volume. "I have. The waiting room is always packed. There's not a lot of places to sit down. That's why we're up here in the observation tower. It's just a little bit quieter," Forrester said. Read more: Newark Airport experiences another air traffic control outage Why the boom in passengers at regional airports Airport statistics show Westchester County handled 1.5 million passengers in 2017, but in 2024 that increased to 2.3 million. At Tweed Airport in New Haven, a Hearst Connecticut Media study found passenger traffic is up tenfold since 2019. With traffic way up, Tweed is looking at a big expansion, more than doubling the current terminal space. At both airports, traffic is rising since the debut of service by budget airlines such as Avelo and Breeze. "Avelo and Breeze have built routes out of Westchester and Tweed airports to places that people want to go, mostly leisure-focused destinations, and they are charging fares that are potentially more reasonably priced than some of the other airlines that have served those cities," travel industry analyst Henry Harteveldt said. Asked for comment about passenger volume, Westchester County, which is always sensitive to complaints about airport noise, provided a statement from spokeswoman Catherine Cioffi. "While more passengers are moving through HPN, the number of enplanements hasn't increased dramatically. What we are seeing in 2025 is a shift toward larger, more efficient and quieter aircraft, meaning more people per flight, not more flights overall. This is not a surge in air traffic. This is simply smarter, more streamlined air travel. The number of planes in the sky remains stable," Cioffi said. "That said, anyone who has been to the HPN terminal knows it's time for an upgrade, which is why the county issued a Request for Proposals to modernize the terminal at Westchester County Airport. Our objective is to identify a consultant who will work closely with the county to develop distinct design concepts for consideration. Each will focus on enhancing the overall airport experience for passengers. This is not expansion. It's about being able to offer essentials: a seat, a cup of coffee and a bathroom. We are committed to a transparent and competitive process that puts the needs of our residents and travelers first. It's also worth noting that commercial flights make up only about 30% of total takeoffs at HPN," Cioffi added. There is a drawback to the regional airports, analyst says The budget airline destinations include smaller markets in Florida and hotspots such as Myrtle Beach and Charleston, South Carolina, but with limited schedules compared to major airlines Harteveldt says budget travelers need to be aware. "If your flights are delayed or cancelled, your options are going to be limited to get you to your destination, whether you are on your way to a vacation or on your way back home," Harteveldt said. Breeze is expanding aggressively in the region, also adding service at MacArthur Airport on Long Island and Stewart Airport in Orange County.
Yahoo
24-05-2025
- Business
- Yahoo
Corporacion America Airports SA (CAAP) Q1 2025 Earnings Call Highlights: Strong Passenger ...
Total Passenger Traffic Growth: Increased by over 7% year-over-year, or more than 9% excluding the discontinued Natal concession. Revenue: Rose 6% year-over-year, or nearly 12% on an ex-IAS29 basis. Revenue per Passenger: Stable at $20.5, increased by 3.9% excluding IAS29. Adjusted EBITDA: $156 million excluding IAS29, up 4% with a margin of 38.2%. Net Leverage Ratio: Remained steady at 1.1 times. Liquidity Position: $524 million at the end of the quarter. Total Debt: $1.1 billion, with net debt at $690 million. Aeronautical Revenues: Up 6.8% year-over-year, or 12.7% excluding IAS29. Commercial Revenues: Increased by 6.1% year-over-year, or 10.2% excluding IAS29. Total Costs and Expenses: Up 17.7% year-over-year. International Traffic Growth: Increased nearly 13% year-over-year. Domestic Traffic Growth: Rose 4% year-over-year, or nearly 8% excluding Italy. Cargo Volume Growth: Up 9% year-over-year. Cargo Revenues: Declined 7% year-over-year, slightly up on an ex-IAS29 basis. Release Date: May 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Total passenger traffic grew by over 7% year-over-year, with strong performance in Argentina and Italy. International traffic increased nearly 13%, driven by Argentina and Italy, while domestic traffic rose 4%. Adjusted EBITDA excluding IAS29 rose 4% year-over-year, supported by strong contributions from Argentina, Uruguay, and Ecuador. Corporacion America Airports SA maintained a solid liquidity position with $524 million and a net leverage ratio of 1.1 times. The company is actively pursuing expansion opportunities, including proposals in Montenegro and Angola, and is enhancing its business development capabilities. Inflationary pressures in Argentina led to peso-denominated operating costs rising significantly, impacting EBITDA. Currency devaluations in Brazil and Italy negatively affected reported revenues in US dollars. Aeronautical revenues in Italy declined despite traffic growth due to increased marketing support for low-cost airlines. Total costs and expenses excluding IFRIC12 rose 17.7% year-over-year, driven by higher maintenance expenses and concession fees. The bureaucratic process for expansion in Italy is slow, with uncertain timelines for environmental impact approval. Q: Could you provide more information regarding the Montenegro proposal and the revised proposal for Angola? Also, could you comment on the traffic outlook for Argentina? A: We submitted a proposal for Montenegro on May 9, targeting mid-teens IRR with an inflation-based tariff regime. The proposal includes two airports with a total capacity of 3 million passengers. For Angola, we are preparing a revised proposal after passing to the second phase. Regarding Argentina, we see strong demand and several new routes starting soon, indicating a healthy outlook. Q: Could you elaborate on the cost control initiatives and the discussions with the Argentine government regarding the concession rebalancing? A: We expect more normalized cost increases moving forward, with no material quarter-over-quarter rise in Argentina. The gap between inflation and devaluation was significant, but we are confident in maintaining cost discipline. Regarding the concession rebalancing, changes in the Secretary of Transport might impact the speed of the process, but we do not expect significant changes in the outcome. Q: Are there any updates on M&A activities, particularly in the Americas, and potential investments in the Middle East? A: We are evaluating opportunities, including a confidential process involving a large portfolio in the Americas. We have also boosted our new business team to explore opportunities, including in the Middle East. Q: Can you provide an update on the expansion plans in Italy? A: The environmental impact approval process is ongoing, with no major delays expected. We anticipate news by the third quarter and aim to commence works immediately after approval, subject to bureaucratic processes. Q: Is there an agreement on the economic imbalance of the Argentine concession? A: The process is ongoing and led by the regulator. It remains confidential, and we will share official updates once available. 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
Trade Arabia
19-05-2025
- Business
- Trade Arabia
Number of passengers at Saudi airports jumps 15pc in 2024
The total number of people travelled through the airports across Saudi Arabia exceeded 128 million during the year 2024, and this figure marks a 15 per cent increase compared to the previous year. According to the Air Transport Statistics Publication 2024, published by the General Authority for Statistics (GASTAT), there has been a notable increase in both passenger and air cargo traffic at the Kingdom's airports last year compared to 2023, reported Saudi Gazette. The number of International flight passengers surpassed 69 million, representing a 14 per cent rise from 2023, while domestic flight passengers exceeded 59 million, an increase of 16 per cent from the same year. King Abdulaziz International Airport, Jeddah topped the list in terms of passenger numbers, receiving around 49 million passengers with a growth rate of 14 per cent, followed by King Khalid International Airport, Riyadh, which handled 37.6 million passengers with an 18 percent increase. King Fahd International Airport, Dammam came third, serving 12.8 million passengers with a 15 per cent increase. The average daily number of domestic flight passengers at the Kingdom's airports reached approximately 162,000, while the average number for international flights stood at around 189,000. Regarding air cargo, total cargo volumes reached 1.2 million tons in 2024, recording a 34 per cent increase compared to 2023. March was the peak month for cargo traffic, with a total of 123,000 tons. The cargo volumes were distributed as follows: 64,000 tons of outbound cargo, 720,000 tons of inbound cargo, and 407,000 tons of transit cargo. The total number of aircraft in the Kingdom's fleet reached 361, representing an 11 per cent increase compared to 2023. Commercial aviation fleet recorded the highest share, with 258 aircraft, an increase of 12 percent over 2023, and a capacity of more than 250 passengers, totaling 97 aircraft. Meanwhile, the general aviation fleet included 103 aircraft, marking a 7 per cent increase. As part of efforts to develop the air transport industry, the publication is released annually by GASTAT to provide accurate data and indicators on the Kingdom's air transport system, including passenger movement, flights, and cargo operations across both commercial and general aviation sectors.
