As the coronavirus outbreak means more and more people are avoiding planes, airlines have been forced to run empty or near-empty 'ghost flights' in order to hold onto coveted airport slots.
But with airlines operating hundreds of city-pair routes -- some synchronized with connecting flights -- this is a mind-boggling system to administer, and the allocation must be done twice a year for the summer and winter season schedules.
In the UK, Heathrow Airport holds the most valuable slots. Limited capacity there has propelled the price of slots skywards, with an early morning slot pair worth around Slots can also be traded in other ways, by carriers swapping slots with each other, similar to the way that football teams have players out on loan.Because of the"grandfather rights" system, airlines reducing their use of the slots risk losing them. Cutting capacity is threatening the airlines' hold on their slots, which is why planes might still be operated even when hardly anyone is flying in them.
Edmond Rose, CEO of Airport Coordination Limited, tells CNN Travel that the EU suspended the regulation in 2002, 2003 and 2009 -- following the September 11, 2001 terrorist attacks in the United States; the outbreak of SARS; and the global financial crisis, respectively. Stepping in to preempt further airline woes -- at least across Europe -- European Commission president Ursula von der Leyen noted at a March 10 press briefing that the situation is deteriorating on a daily basis, and traffic is expected to decline further:
Montserrat Barriga, director general of the European Regions Airline Association, tells CNN Travel that"Allocated slots provide regional airlines with the security that they can continue to fly their routes in the year ahead."
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