Serbia targets Kraljevo Airport opening by mid-2019

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Ryanair traffic falls 81%

Ryanair has reported a “strong snap back” in bookings in recent weeks, but said that business continues to be challenging. The airline reported a full-year net loss of 815 million euros as Covid-19 restrictions pushed its traffic levels down 81%. Analysts had forecast a net loss of 933 million euros for the twelve months ending in March. Ryanair’s CEO, Michael O’Leary, said it was a “very difficult year”, but that the company was “looking forward with tremendous optimism”. “In the first week of April, we took just under half a million bookings. Six weeks later, last week, we took 1.5 million bookings. So we are seeing a very strong snap back in bookings; travel beginning to start from June, July, August”, O’Leary said. He added, “I think if these trends continue we will be looking reasonably optimistic towards a very strong second quarter of traffic recovery”. Regardless of the recent surge, Ryanair only expects to come close to breakeven in the twelve months to March 2022. “FY22 (full fiscal year 2022) continues to be challenging, with uncertainty around when and where Covid lockdowns and travel restrictions will be eased”, it said in a statement. Ryanair expects traffic in the year to March 2022 to be at the lower end of its range of between 80 million and 120 million passengers. In the year to March 2021, the airline reported 27.5 million customers. Despite vaccinations gathering pace and European governments starting to welcome tourists again, Ryanair doesn’t expect prices to jump in the short-term. In fact, O’Leary said there is “huge value” for British families looking to holiday in Europe this summer. However, he did warn that there could be some price pressure in late 2021 and into the summer of 2022. “We should be careful though, out into the winter of 21 and certainly into the summer 22, because as Europe recovers from Covid … there is no doubt in mind that there will be about 20% less capacity out there”, O’Leary said.
Source: CNBC

Serbia targets Kraljevo Airport opening by mid-2019

NEWS FLASH

The Serbian President, Aleksandar Vučić, has announced that Kraljevo's Morava Airport in Central Serbia, which boasts a new terminal building, should be opened by mid-2019. The government has previously missed numerous deadlines set for the airport's opening. "This won't be an airport of the same capacity as the one in Belgrade and Niš but will cater for smaller aircraft", Mr Vučić said. The airport's 22-million euro terminal and control tower were completed in 2012, however, its 2.200 metre-long and thirty metre-wide runway can only handle smaller turboprop aircraft. Earlier this year, Mr Vučić noted, "I will open this airport but we have a lot of issues. This is because we first have to see how and in which way Niš Airport will function. We are not a big country in order to maintain so many airports. It is easiest to give ten, twenty or thirty million euros to build an airport. But how are we going to cover their costs so they don't generate ten million euros in losses each year? Or five million?" Serbia plans to cap passenger growth at its secondary airports on a temporary basis as part of the 25-year concession agreement for Belgrade Nikola Tesla Airport with France's VINCI. The government has admitted that figures will be confined to one million passengers for each airport in the country within a 230 kilometre radius of Belgrade until Nikola Tesla Airport reaches twelve million travellers per year.

Comments

OjOj14:14
Na kojoj je NM visini Kraljevo?
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Anonymous14:31
A new serious competition vs. SKP, INI, PRN and SOF.
You never know what KVO will acheive in its first 5 years of operation.
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