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European airlines seeing some sunlight at the end of the tunnel - or an oncoming train?

30-Jun-2009

After weeks of record poor traffic, Europe’s full service airlines may have received a glimmer of hope, although thoughts of a quick economic recovery are fading. After more than a month and a half of traffic declines of greater than 7%, traffic for the week ended 21-Jun-2009 (Week 25) witnessed a small but definite uptick. However, Europe’s carriers are far from optimistic about the future, and a single week’s data is not enough to determine if the demand environment really is improving. [954 words]

Unlock the following content in this report:

Subheadings:

  • Smallest decline in demand for six weeks
  • Capacity realignment continuing
  • Load factors the bright spot
  • Outlook: An oncoming train?

Graphs and data:

  • Association of European Airlines' weekly passenger traffic (RPKs) growth (% change year-on-year) by region: First 25 weeks of 2009
  • Association of European Airlines' weekly passenger traffic (ASKs) growth (% change year-on-year) by region: First 25 weeks of 2009
  • Association of European Airlines' weekly European ASK & RPK growth (% change year-on-year): First 25 weeks of 2009
  • Association of European Airlines' weekly passenger load factor by region: First 24 weeks of 2009
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