Source: Cairns Airport
The international recovery suggested last month was again hampered by schedule changes in November, with Auckland becoming seasonal to recommence in April, while traffic continues to grow on routes comparable with last year. Seasonal direct flights from China have now recommenced in December. The Chinese lunar new year falls late in 2015 on February 19.
Domestic passenger growth maintains a consistent trend above the national average. Meanwhile Flight Centre issued a profit warning yesterday which it attributed to a flat domestic leisure market:
"While several countries, including the large United Kingdom and United States businesses, are on track to achieve record results during the year to June 30, 2015, trading conditions in Australia remain challenging following the leisure travel spending slowdown late in 2013/14. This slowdown has led to lower than normal leisure sales growth in Australia during the five months to November 30, 2014 and slightly lower margins, as FLT's sales people have reduced commissions to lower overall ticket prices and stimulate demand."
"When we set our full year growth targets in August, we expected the uncertainty surrounding Australia's Federal Budget would have abated as the first half drew to a close and consumer confidence and spending would have started to rebound. Unfortunately, we are yet to see tangible signs of a full recovery and the overall leisure travel market in Australia continues to be flat year-on-year."Note: Domestic passengers at the Airport will also include international travellers flying on domestic routes.