News Archive

Visit our News Archive to find the news which were published previously.

printNews

European Low Cost Carriers Continue to Grow Strongly
According to new figures released today, in 2011 members of the European Low Fares Airline Association (ELFAA) strengthened their dominance of the intra-Europe airline sector by carrying more passengers than ever before in the most fuel efficient aircraft available.

"The latest figures demonstrate the resilience of low fares airlines in what is a very challenging economic climate for airlines," said ELFAA Secretary General John Hanlon.

In 2011 passenger numbers for ELFAA airlines grew to 188.8 million, up 9.5% on

the previous year, exceeding the industry average, with an increased loadfactor of 1.1%. The low fares share of total intra-Europe point to point

scheduled passengers stands at 43% and is forecast to grow to 60% by 2021
.
In 2011, ELFAA airlines also grew total fleet by 9.2% to 795 aircraft, purchasing the latest technology, most fuel-efficient aircraft available. This in turn resulted in a corresponding decrease in the average age of the fleet by 0.8 years to 4.5 years. "With some rival airlines forced in recent weeks to cease operations due to financial constraints, the fact that ELFAA airlines continue to go from strength to strength clearly demonstrates the viability of our model and its popularity with passengers," continued Mr Hanlon.

ELFAA airlines' continued success ensures they buck the trend in other areas too. In 2011 the number of employees at ELFAA airlines increased by 11.3% to 29,330, providing much needed support and employment opportunities to local economies throughout Europe. "ELFAA airlines are the shining lights in Europe's economy, and we fully expect this growth to continue for the years to come - without the need to go cap in hand to national governments for state hand-outs," concluded Mr Hanlon. (ELFAA)

(published on 02/16/12)

 

Your are reading: European Low Cost Carriers Continue to Grow Strongly