Australia markets close in 5 hours 21 minutes
  • ALL ORDS

    7,586.00
    +57.00 (+0.76%)
     
  • ASX 200

    7,297.50
    +52.40 (+0.72%)
     
  • AUD/USD

    0.7050
    +0.0045 (+0.65%)
     
  • OIL

    69.69
    +0.20 (+0.29%)
     
  • GOLD

    1,781.70
    +2.20 (+0.12%)
     
  • BTC-AUD

    71,470.93
    +1,266.32 (+1.80%)
     
  • CMC Crypto 200

    1,286.62
    +26.46 (+2.10%)
     
  • AUD/EUR

    0.6245
    +0.0058 (+0.94%)
     
  • AUD/NZD

    1.0440
    +0.0069 (+0.66%)
     
  • NZX 50

    12,659.13
    +61.32 (+0.49%)
     
  • NASDAQ

    15,846.16
    +134.12 (+0.85%)
     
  • FTSE

    7,232.28
    +109.96 (+1.54%)
     
  • Dow Jones

    35,227.03
    +646.95 (+1.87%)
     
  • DAX

    15,380.79
    +210.81 (+1.39%)
     
  • Hang Seng

    23,349.38
    -417.31 (-1.76%)
     
  • NIKKEI 225

    27,927.37
    -102.20 (-0.36%)
     

Spain's airlines see more winter flights than pre-COVID, but fuel prices bite

·2-min read
FILE PHOTO: Passenger planes of Spain's flagship Iberia airline are parked at Terminal 4 of Madrid's Barajas airport

By Clara-Laeila Laudette

MADRID (Reuters) - Spain plans more flights this winter than before the pandemic as an incipient recovery buoys hard-hit airlines, although surging fuel prices are a concern, the head of the country's ALA airline association said on Friday.

"There are currently 1.9% more flights programmed for this winter period - roughly from November to March - compared to 2019," ALA president Javier Gandara told reporters, referring to domestic and international flights.

"And for the Canary and Balearic islands, planned flights are over 10% higher than in 2019."

But skyrocketing energy prices and fuel shortages could jeopardise that recovery in Spain, the world's second-most visited country before the pandemic struck.

As airlines return to the skies, increasingly congested airspace could create traffic jams and delay flights across Europe, Gandara noted, potentially putting off the holidaymakers who are now the market's key customers.

One bright spot for aviation, however, is the cargo sector, which transported 28% more freight in September year-on-year to reach nearly 99% of pre-pandemic levels, boosted by a lockdown-induced pivot to e-commerce.

Air travel's recovery needs a harmonised system of health passes, bilateral agreements with Spain's main tourism markets and more border control staff to reduce wait times, Gandara said, before renewing calls for the European Commission to establish a single sky policy.

The hope is for Spanish air traffic to reach 2019 levels of passenger numbers by the second half of 2022, said the head of ALA, which represents over 60 airlines that together fly around 80% of Spain's passengers.

Air travel to Spain has slowly begun to recover in recent months with 16.3 million passengers travelling in September, according to Spanish airport operator Aena, up 199% from a year ago but still less than half pre-pandemic levels.

(Reporting by Clara-Laeila Laudette; Editing by Nathan Allen and Mark Potter)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting