LCCs boost legacy airlines’ outlook

Lufthansa Group and IAG subsidiaries do well
Low-cost carrier Eurowings is leading Lufthansa Group higher in its traffic figures, while IAG’s new budget airline LEVEL is taking an “incredible” number of bookings after it launched sales.
Overall, Lufthansa Group saw a 14% rise in passenger numbers to 9.59 million passengers in March as it released strong monthly and first-quarter traffic stats. It carried 25.23 million in the quarter, up 13%.
The results were buoyed up by strong growth at Eurowings. The group’s ‘point-to-point airlines’, which also include Germanwings and Brussels Airlines, flew 5.55 million passengers in the quarter, up 68% on the same period in 2016.
IAG’s new LCC LEVEL, meanwhile, has taken more than 100,000 bookings since its launch on March 17.
It aims to start Barcelona-Los Angeles flights on June 1, Barcelona-Oakland on June 2, then flights to Punta Cana, Mexico on June 10 and to Buenos Aires on June 17. More destinations from Barcelona are planned for 2018.
“Selling more than 100,000 tickets in such a short period with a new brand is incredible. The response has been fantastic in all markets,” said Willie Walsh, IAG’s chief executive.

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