IATA partner deems Fly Jamaica fastest growing airline in local market

Oct 17, 2014 News

Capacity within the Guyanese aviation sector is said to have grown by 12 percent in 2014, while Jamaica-based airline, Fly Jamaica, is said to be the fastest growing airline on the local scene.
According to an examination by Innovata; a partner of International Air Transport Association (IATA) involved in travel related content management and content distribution, Guyana has been featured as having a capacity of around 460,000 one-way seats offered on services involving Guyanese airports this year. This, it was reported, represents “a double-digit increase of 12 percent over the previous year.”
Both the Cheddi Jagan International Airport and Ogle International was said to have registered capacity increases when compared to 2013 figures. Ogle doubled its annual capacity, while Cheddi Jagan posted a 9.6 percent growth.
The rapid expansion, the international site indicated, results from LIAT’s decision to move all of its Cheddi Jagan operations to the Ogle airport.
“Fly Jamaica is the fastest growing operator, increasing its weekly capacity by 100 percent or 621 weekly seats over the last 12 months.”
As of October 2014, Guyana is served by a total of seven airlines, with Caribbean Airlines – the flag carrier of Trinidad and Tobago – being the dominant player in the Guyanese market. It was said that the airline commands 69 percent and 62 percent of seats and flights respectively. The airline is also said to have carried 2.9 million passengers last year with three airport pairs; to New York (JFK), Toronto (Pearson) and Port of Spain. The latter is said to be the most frequently served destination, with a total of 30 weekly flights from Cheddi Jagan Airport.
Fly Jamaica ranked second with a weekly seat share of 14 percent, making connects from Cheddi Jagan to Toronto and Kingston. Total weekly seat capacity in Guyana is said to have gone up by 24 percent, “with two out of the seven carriers recording growth, when comparing data from this October with the same week last year.”
Surinam Airways and LIAT saw their operations unchanged.
“While no carrier posted capacity decline in the last 12 months, the Guyanese market has seen the arrival of three new airlines namely Insel Air from Aruba twice-weekly, Copa Airlines from Panama City twice-weekly and CONVIASA from Puerto Ordaz weekly.
“A total of nine countries can be reached non-stop form Guyana according to Innovata schedule data for this October.” Anna aero which provided the contents of the report said that with around 4,800 weekly seats and 4.6 percent more than that in the corresponding week last year, Trinidad and Tobago topped the list of country markets served, with a combined total of 30 weekly flights operated by Caribbean Airlines from Cheddi Jagan.
However, Jamaica has seen the most significant growth in weekly capacity, 67 percent or an additional 414 seats, followed by the USA with 24 percent this year. The USA, which is served by Surinam Airways and Caribbean Airlines, has seen a net growth of 214 weekly seats due to the latter’s additional weekly departure to New York’s JFK.
It was noted that in the last 12 months, four new country markets have entered this year’s ranking, namely Canada, Aruba, Panama and Venezuela, while Caribbean Airlines has withdrawn its twice-weekly flights to Antigua and Barbuda.

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IATA partner deems Fly Jamaica fastest growing airline in local market

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