CAPA’s Hottest Airlines to watch in 2011: Europe
The European airline market was battered by the global financial crisis, recording a combined loss of USD4.3 billion in 2009, according to IATA. Europe's tepid economic recovery, the ash cloud crisis, difficulties in cutting capacity and massive structural changes within the short-haul market have conspired to make 2010 another challenging year. Losses are anticipated at USD1.3 billion in 2010, making it the only region to be unprofitable in an otherwise strong year for recovery elsewhere. But there are some bright spots in the region. In this report, CAPA reviews the European airlines expected to make waves in 2011. [5650 words]
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This report contains the following subheadings:
- Aer Lingus
- Air Berlin
- Air Europa
- Air France-KLM
- Air Nostrum
- Atlant Soyuz/Moskva Air Company
- Montenegro Airlines
- Norwegian Air Shuttle
- Turkish Airlines
- Wizz Air
This report contains the following charts and tables:
- LCC Penetration in Europe: 2001 to 2010
- LCC Penetration in Western Europe: 2001 to 2010
- LCC Penetration in Eastern Europe: 2001 to 2010
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