Friday, September 20, 2013

Airport August Update

Passenger numbers at Cairns Airport in August appear uncorrelated with this weeks employment data and continued a positive trend with growth of around 10% at the domestic terminal on August 2012. 12 month moving average growth is now at 7.9%.

Sustainability of that growth rate in coming months will be interesting to observe because of seasonal eclipse factors and also abatement of the capacity war between Qantas and Virgin: ACCC concerned by Qantas comments over price war
"On Thursday Qantas boss Alan Joyce told shareholders he was moderating capacity growth this year to between 1.5 per cent and 2.5 per cent in the domestic market, from 8 per cent growth in the past year."

International numbers also continued to improve after a very weak period earlier in the year although still just below August 2012. This is despite China Eastern suspending flights from mid-August until November. International numbers are typically 15% or less of total airport passengers.

Source: Cairns Airport

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