Market between Ecuador and Madrid continues to grow

Ecuador and Madrid continues to grow

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The air market between Ecuador and Madrid continues to grow at a rate close to 6% annual, more airlines join.

Iberia, LATAM Ecuador and Air Europa Are the 3 airlines that currently operate between Ecuador and Madrid, but from June a fourth competitor will join this growing market, More Ultra will land in Quito and Guayaquil with 3 initial weekly flights.

On what is the main route between Ecuador and Europe, presents its best historical moment with 4 airlines operating to the two main Ecuadorian airports. The Marshal Sucre and Jose Joaquin de Olmedo are the terminals that receive these flights, where Quito is the one that receives the most weekly operations from Madrid.

airlines

Each airline operates a certain number of frequencies weekly., which may vary up or down depending on the season and demand of the route..

Iberia

The Spanish main operates normally 6 weekly flights between Madrid and Quito, being the only airline that operates between these two airports directly on Airbus A340-600 aircraft.

For July and European high season, the airline will increase a weekly flight, to complete the 7 frequencies.

LATAM Ecuador

The only Ecuadorian airline that operates in this market currently flies with 3 direct weekly flights only from Guayaquil to Madrid with planes Boeing 767-300.

It maintains current operation and there have been no known plans to increase or reduce frequencies., taking into account that it performs operation of shared code with its commercial partner Iberia.

Air Europa

The one that operates only from 2017 in this market when it started flights to Guayaquil and added Quito since January 2018, It was also the airline to resume the famous Madrid triangulation – Quito – Guayaquil with its Airbus A330-200 planes.

It regularly operates with between 3 and 4 weekly flights, but in high summer season in Europe, The airline increases its frequencies to 5 weekly.

More Ultra

It will be the newest airline operating between both countries with 3 weekly flights on Airbus A340-300 aircraft, also operating in a triangular manner Madrid – Quito – Guayaquil.

More Ultra that will fly from 12 July, it is projected to operate until 6 weekly flights based on your Spanish operating permit.

Madrid – Ecuador

Between both countries the market has increased and grown by 5.6% during the 2018, which meant that more than 350 thousand passengers passengers are transported on this route, where trafficking has gone from being primarily ethnic (Ecuadorians) to a mix of tourists who come from all over the world to the Madrid Hub to fly to Ecuador.

With an average price of $363.60 by way according to the portal Routes, The frequencies that operate weekly are the following according to season:

  • Low season: 15 weekly flights or 60 monthly.
  • High season: 18 weekly or 72 monthly.

They will be approximately 12.500 Weekly seats available between Ecuador and Spain from June when Plus Ultra lands for the first time in our country.

Statistics

In Ecuador in the year 2018 they were transported 580.178 passengers to and from Europe; in the year 2017 instead it was registered 557.448 passengers; growth is observed 4.08%. The city with the highest passenger traffic was Madrid with 364.648 passengers which is equivalent to 62.85% market share, followed by Amsterdam with 37.15% remaining.

The market between Europe and Ecuador, of the total international traffic corresponds to 13.48% of participation.

Passenger transport in the year 2018 presented a growth of 5%, in relation to the previous year 2017. Regarding cargo in the Non-Regular Service, they mobilized 6.49 Tm, while in the Regular Service it was transported 6.782,94 Tm. The seats offered were 205.223 and the requested seats of 195.167; what represents the 95.09% of the requested capacity.

Departures to Madrid from Ecuador

Year passengers (in thousands)
2012 150
2013 147
2014 140
2015 142
2016 146
2017 170
2018 187
2019 (projection) 210
2020 (projection) 227
2021 (projection) 243
2022 (projection) 259
2023 (projection) 276

Arrivals from Madrid to Ecuador

Year passengers (in thousands)
2012 169
2013 136
2014 137
2015 130
2016 170
2017 172
2018 172
2019 (projection) 173
2020 (projection) 176
2021 (projection) 180
2022 (projection) 184
2023 (projection) 188

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2 comments on “Market between Ecuador and Madrid continues to grow”

  1. Hello there:

    Dear Nicholas, Do you know if there are direct flights from Italy to Ecuador in the pipeline? ?; Let us remember that in Italy there is a large colony of Ecuadorians