Tony Fernandes’s decision to ease growth plans at AirAsia Group is a rare display of caution following his expansion across the continent, as the region absorbs some of the largest aircraft orders of the past decade.
Heathrow Airport Ltd. snapped five years of annual losses in 2013 as Europe’s busiest aviation hub attracted bigger jets to boost passenger numbers and booked gains from the sale of its London Stansted terminal.
London Gatwick airport sought to put noise reduction at the center of a campaign to be chosen as the location for a new runway ahead of the U.K.’s Heathrow hub with a pledge to upgrade more than 1,000 homes with double glazing.
Flybe Group Plc, Europe’s largest regional airline, said cost cuts and an improving U.K. economy will allow it to reduce job losses by 10 percent as Chief Executive Officer Saad Hammad focuses on profitable routes.
Norwegian Air Shuttle AS will fly to three U.S. cities from Gatwick airport starting next year, expanding the discount carrier’s long-haul reach and restoring links between London’s second-biggest airport and New York.
EasyJet Plc’s strategy of serving Alpine resorts has produced a 20 percent jump in ski traffic over five years, helping it avoid the winter slump that causes competitor Ryanair Holdings Plc to ground one in four planes.
Manchester Airports Group reaped an early traffic boost from its 1.5 billion-pound ($2.5 billion) purchase of London Stansted in March, with passenger numbers at the low-cost hub growing for the first time since 2007.
London Gatwick airport told a U.K. government commission into future flight capacity that it could add a second runway for as little as 5 billion pounds ($7.7 billion), eliminating the need for a single U.K. hub.
London’s Heathrow airport emerged as favorite to gain a new runway as a study of Britain’s flight- capacity shortage threatens to reignite a fight within leading political parties over noise at Europe’s busiest aviation hub.