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During the first quarter of this year, several markets in the former Yugoslavia are poised to be among the top ten fastest growing in terms of added capacity. Meanwhile, one market in the region is expected to experience the most significant contraction on the continent. Despite Wizz Air scaling down operations from its Skopje base on its original plan due to engine issues on new aircraft in Q1, Macedonia is anticipated to be Europe's second-fastest growing market, boasting a 64.9% increase in seats compared to the same period last year. In a show of continuing recovery, Slovenia will boost its capacity by 35% in Q1, adding just over 95.000 seats. Serbia holds the title of being the largest market in the former Yugoslavia during the first quarter, adding the most overall capacity with an extra 711.284 seats, or up 29.9%. This is despite the recent reduction in flights by Air Serbia and Wizz Air during the winter period on its originally planned schedules. Montenegro will be the fourteenth fastest growing market in Europe, growing 16.2% or adding an additional 65.699 seats for a total of 469.630. Croatia will come in at number 25 in Europe, offering 1.272.505 seats, representing an increase of 12% on the January - March period of last year, with an additional 136.167 seats. This includes the reductions made by Croatia Airlines recently to its network in February when compared to its original plan. Top ten fastest growing aviation market in Europe, Q1 2024
Bosnia and Herzegovina will buck the trend, with its market contracting during the first quarter of this year when compared to 2023 and positioning itself behind sanction-hit Russia and Belarus. The decline in capacity is the result of Wizz Air’s base closure in Tuzla in September last year. Despite Lumiwings launching a number of routes from the city in lieu of the low cost carrier, it is nowhere near enough to cover the void left by Wizz. Overall, Bosnia and Herzegovina has 514.147 seats on the market in Q1 2024, down 17.3% on the same period last year. The country will have 107.356 fewer seats. Capacity changes will inevitably continue throughout the first quarter as airlines adjust operating equipment and frequencies, however, these will have little to no bearing on the overall level of change on last year, barring any extraordinary circumstances.
EX-YU Aviation NewsBy: EX-YU Aviationhttp://www.blogger.com/profile/[email protected]
Title: EX-YU markets among Europe’s fastest and slowest growers in Q1
Sourced From: www.exyuaviation.com/2024/01/ex-yu-markets-among-europes-fastest-and.html
Published Date: Thu, 25 Jan 2024 08:00:00 +0000
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