Airlines in Europe still perform strongly

IATA: performance in February was strong but outlook is fragile

Global air passenger traffic increased by 8.6% in February, according to the association’s latest Air Transport Market Analysis. However, a number of factors inflated the results compared to February 2011, such as weaker traffic in the Middle East and the Brazil Carnival happening a month earlier this year. Nevertheless, airlines in Europe continue to do surprisingly well given the “Eurozone crisis”. Carriers in the region saw a 7.6% increase in international demand, ahead of a 5% increase in capacity.
“While the threat of a European financial meltdown seems more remote than it did only a few months ago, the political risks that aviation faces are growing,” said Tony Tyler, IATA’s director general. “The rapid increase in the price of oil is already biting hard.”
Business confidence is also receding. Compared to January 2012, the picture indeed changes, with passenger demand growing by just 0.4%. Tyler added: “We are ending the first quarter with a considerable amount of uncertainty.”
Reuters / TTG Digital
[pictured: Lufthansa A380 at Stockholm Arlanda Airport; photo by Daniel Asplund, courtesy Swedavia]


Check Also

Billund Airport looks ahead to busy 2018

Western Danish airport smashes new records for 2017

Copenhagen Airport, Kastrup, CPH, buy, purchase, sell, stake, ATP, Macquarie, fund, state, tariff, tax, fares, lower

Copenhagen’s shrinking passenger stats

Airport saw 0.5% more pax in 2017, but the trend is downward

Lufthansa beats Ryanair as Europe’s top airline

Lufthansa Group as a whole carried 130 million passengers in 2017

Bergen two new routes, Billund one

Air France and Wizz Air announce fresh expansions

Swedavia, Sweden, airports, Arlanda, Gothenburg, Stockholm, passenger, July, record

Record airline passengers in Sweden

Seven of Swedavia’s ten airports reach new heights

Lufthansa looks for 8000 new employees

Largest growth in cabin crew with 4,000 new employees