Economic sustainability

SEA Group strategy is pursued through a partition of activities in business units, each characterized by specific expertise and operational processes to maximize the Group operational efficiency.

Air transport offer

Milan metropolitan area is in 9th place in Europe for the level of overall air transport offer, with 37.4 million ASK - Available Seat Kilometres offered annually (ASK is the indicator corresponding to the total seats offered for each flight multiplied by the number of kilometres flown: a measure of the capacity of the airport in terms of passenger transport) and 23.9 million seats (8th place in the European ranking) made available to users by the airport system that includes Malpensa, Linate and Orio al Serio.

Main european metropolitan areas for air transport offerings

Malpensa Airport is also ranked 5th in the European rank¬ing for the rate of ASK to non-EU destinations on the total ASK offered. 75.3% of Malpensa’s transport offer is to non-European destinations. Malpensa Airport is the only airport, along with Paris Orly, to be in the top 10 of this ranking without being a hub. This is due to the fact that in Milan area, Linate airport takes up a large share of intra-EU flights and also because Malpensa is able to guarantee a high share of medium to long-haul destinations even in the absence of a feeder flight network, since it can rely mainly on the originating demand for air transport to intercontinental destinations.

European airport ranking by % of extra - EU ask on the total

Direct competition

Analysing the degree of airport dependence on airlines (summarized by the Herfindahl-Hirschman-HHI concentration index, which reaches a value of 10,000 if an airport’s offer is completely in a single carrier’s hands), it emerges that Malpensa is the European midsized airport (the second after Venice) with the lowest level of dependence on a single carrier. This differing, for example, from large continental airports such as Frankfurt, where about 54% of the offerings are by Lufthansa, or other Italian airports such as Bergamo, where Ryanair controls over 80% of the offerings.

Direct competition of the major European airports based on the HH index

Direct competition is also measured by a different indicator, called entropy index (H), which is calculated (also in terms of ASK or seats) as if the airport offer share was equally divided among all carriers present. Therefore, low values of this index define situations where the traffic offer of a particular airport is highly concentrated. By this index, Milan Malpensa Airport is the leading one in Europe in terms of lower dependence on individual airline carriers.

Indirect competition

Indirect competition is the competition to get the same catchment area by air services of alternative and nearby airports.

Major European airports by indirect competition level

Indirect competition level refers to each route offered by a specific airport for which there are alternative routes offered by other close airports or for near or coinciding destinations to the concerned route. The concept of “proximity”, both for departing and destination airports, relates to locations within 100 km. Indirect competition is also relevant in Lombardy area around Milan. From Malpensa, over 93% of European routes offered is subject to competition from other airports in the area, such as Linate and Orio al Serio. Malpensa Airport is in third place, after Gatwick and Heathrow airports, for indirect competition intensity.