Volotea

Volotea (stylised VOLOTEΛ) is a Spanish low-cost airline registered in Castrillón, Asturias, Spain, with bases in Spain, Italy, France, Greece and Germany.

The airline's head office is in Barcelona.

History
Volotea was established by Alaeo S.L. from Barcelona, a company created by former Vueling founders, Carlos Muñoz and Lázaro Ros. The name "Volotea" originates from the Spanish verb "revolotear", meaning "to fly around". It commenced operations on 5 April 2012, from Venice Marco Polo Airport.

The company is backed by three private-equity funds, two of them from Europe (Axis Participaciones Empresariales and Corpfin Capital) and a third from the United States (CCMP Capital), whose chairman, Greg Brenneman, was one-time President and COO of the US airline Continental Airlines, and also chairs Volotea's board. The company raised over €50m before operations began. US CCMP Capital Partners holds 49% of voting rights; Axis and Corpfin Capital 25%; and Muñoz and Ros 26% along with relatives: this ownership has existed since foundation, but it could change before an initial public offering prior to 2021–2022.

After studying the Bombardier CRJ1000 and the Embraer E-195 in 2011, Volotea selected the Boeing 717 after Southwest Airlines acquired AirTran and replaced its 717 fleet. Boeing announced on 15 February 2012 that it had signed a long-term lease deal with Volotea for an undisclosed number of Boeing 717 aircraft. In March 2015, it was announced that Volotea would receive a further four 717s from Blue1. However, in November 2015, Volotea announced plans to phase out its 717 fleet over the next few years and replace it with Airbus A320 family aircraft.

Volotea opened 90 routes in its first year, of which 40 were closed within two years; it operated almost 300 routes in summer 2018 including 220 openings, and this could double to at least 500-600 across Europe. Volotea has been profitable since 2014, a turnover of €360 million ($431 million) is expected in 2018 after $347M in 2017, carrying 5.7 to 6 million passengers, 50% being leisure travellers, 35% visiting friends and relatives, and 15% business travellers.

Due to the 2017–18 Spanish constitutional crisis, in 2017 Volotea changed the headquarters to Asturias. In January 2021, Volotea retired the last of its 19 Boeing 717-200s. It was the last European airline to operate the type.

In October 2021, Volotea won the auction for handling the PSOs, for a period of 7 months, to and from the island of Sardinia, organised by the Autonomous Region of Sardinia on behalf of the Italian Government. The airline operated the PSO services by offering daily flights, as per what required by the auction, from the Sardinian airports of Cagliari-Elmas, Olbia-Costa Smeralda and Alghero-Fertilia to the Italian airports of Rome Fiumicino and Milan Linate. The PSO operations started on October 15, 2021, and are to end on May 15, 2022.

In January 2022, Volotea announced the closure of its base at Genoa Airport after five years, ending 14 routes. In March 2022, the company announced its intentions to take part in the upcoming PSO auction in Sardinia, which had been previously announced by the Autonomous Region of Sardinia, solely with the route from Cagliari-Elmas to Rome Fiumicino airport, being it the most profitable service within the PSO scheme, while data regarding the other routes was being analysed as they were also being taken into consideration. Subsequently, at the end of the month, ITA Airways announced its willingness to operate PSO service routes from all Sardinian airports without any financial compensations for an year until May 2023. As a result, Volotea announced on March 28, 2022 that it was also interested in covering all PSO routes, without financial compensations, from both Cagliari-Elmas and Olbia-Costa Smeralda airports, after having analysed data from their previous PSO experience. In April 2022, Carlos Muñoz, the CEO of the company, eventually announced Volotea had reached an agreement with ITA Airways; according to which the airline will operate only half of the frequencies, while the remaining ones would be assigned to the counterpart.

In May 2023, Volotea and Eurowings signed a cooperation agreement with reciprocal sales of 150 routes.

In June 2023, the airline won the Skytrax World Airline Award for "Best Low Cost Airline in Europe".

Corporate affairs
The key trends for Volotea are:

Destinations
The focus of Volotea's route network is on destinations around the European side of the Mediterranean coast as well as Western and Southern Europe. As of May 2018, Volotea serves metropolitan and leisure destinations mainly in Spain, France, Italy and Greece with destinations in Austria, Croatia, Czechia, Germany, Luxembourg, Norway and Portugal. Volotea served its first African destination (Tangier, Morocco) on 5 April 2019.

Current fleet
, Volotea operates the following aircraft: