Another set of strong domestic data out today, with total traffic up 2.1% for January Vs 2017. https://bitre.gov.au/publications/ongoi ... y_2018.pdf
Largest driver is the MEL-SYD mega route, up 4.7% YOY with a load factor of 87.5% - its highest EVER
Other strong routes inc:
Gold Coast - Melbourne +4.6%
Sunshine Coast - Sydney +14.7%
Melbourne - Sunshine Coast +19.0%
Ballina - Sydney +24.6%
Brisbane - Proserpine +23.3%
Broome - Perth +30.9%
Brisbane - Hobart +23.0%
Airports for Jan 18 vs Jan 18
Overall load factors hit 79.4% a 7 year high.
The pick up in the domestic market in the last 6 months or so has been significant, for years up until around September last year growth had been continuously growing at around 1%, largely thanks to the mining downturn, since then we have seen consecutive months of 2%+ growth. Great News for QF and VA, especially that latter which I am growing confident will post its first full year profit in years this year.