Iberia continues to grow strongly in Panama. In October 2010 it launched direct flights from Madrid, with four weekly flights, and from today (January 16th , 2012) it will operate one more flight every Monday. This frequency is added to those already operating on Wednesdays, Fridays, Saturdays and Sundays. Thanks to the flights that With Iberia operates to other destinations in the area and connections with other regional operators, a complete daily schedule is on offer to fly between Europe and Panama.
In addition, Iberia is using in some of its five weekly flights the Airbus A340/600, the largest of its fleet, which has about 100 seats more than the regularly scheduled A340/300 on this route.
Therefore, the supply by Iberia between Europe and Panama in 2012 reached a new record, with a total of 145,000 seats, representing an increase of 33% compared to 2011, the year in which the number of seats very significantly increased. In fact, in two years it has doubled the supply, because in 2010 there were 77,000 seats between Madrid and Panama.
This increase in supply has had a very good response from customers in Iberia, and in 2011, some 90,000 passengers traveled in the company's aircraft between Europe and Panama, which is 35% more than in 2010, maintaining an occupancy rate of 80%.
The Panamanian government and the airline have widened the scope of their agreement to add a fifth weekly flight with each party investing $370,000 in the route's market.
The signing of the new agreement between Iberia and the Panama Tourism Authority (ATP) will increase the frequency of flights to five per week from Madrid Barajas airport to Panama's Tocumen International airport.
With a 96% occupancy rate, the airline launched today, October 1st, its direct flight to Panama.
With the non-stop flight Madrid to Panama City, the company reduces flight duration by more than 4 hours and increased offer to Panama in about 55%.
These new direct flights from Iberia to Panama are a sign of their commitment to Central America, adding tomorrow, October 2nd, another destination: San Salvador, with four weekly flights. Also, Iberia has a daily flight to San José de Costa Rica and four flights a week to Guatemala.
The Spanish airline will operate a fifth weekly flight to Guatemala and Panama on Sundays.
The fourth frequency was added only last May, which indicates the success of this route.
According to Iberia, the figures speak for themselves. In 2007 Iberia carried 253,000 passengers between Central America and Europe, a 17.5 per cent rise on 2006, with average seat occupancy of nearly 90 per cent.
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