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More passengers but lower traffic for UK airports
Thursday, March 13, 2008

BAA Group airports in the UK handled 10.2 million passengers in February, an increase of 3.5% on the same month last year. Traffic in the first 28 days of the month (i.e. ignoring the extra leap year day) was down by 0.5% on last February.

European scheduled traffic was up by just 0.1% while European charters rose by 1.5%. North Atlantic activity was 1.1% lower, while traffic on other long haul routes was, in aggregate, up by 1.0%. Domestic traffic continued its recent softness with a 3.7% decrease.

Again adjusting for the leap year distortion, there were mixed results for individual airports. Heathrow’s traffic was up by 0.1%, Gatwick’s by 3.4% and Edinburgh by 3.9%. Moving in the other direction were Stansted (-7.6%), Glasgow (-5.7%) and Aberdeen (-1.2%).

In total, and before adjusting for the extra day, air transport movements were up by 0.8% but down 3.0% after adjustment. On this latter basis Gatwick (+0.6%) was the only individual airport to handle more movements in February.

Vicky Karantzavelou - Thursday, March 13, 2008
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Poll
How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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