Passenger growth slows in Nov-08 as European airlines feel the impact of a slowing European economy
Passenger growth among European carriers slowed in Nov-08, reflecting the slowing European economy, with only Monarch Airlines, Ryanair and Norwegian Air Shuttle reporting passenger growth above 10% in the month, although SWISS grew just shy of that figure. Meanwhile, the major European network carriers reported year-on-year passenger declines, with struggling Eastern European LCC, SkyEurope, and Germany’s second largest carrier, Air Berlin, also reporting passenger reductions, in the pursuit of maintaining/improving unit revenues and yields. [742 words]
Unlock the following content in this report:
- Nov-08: easyJet reports highest load factor in intra-European market; network carriers struggle
- Monarch, Ryanair and Norwegian continue on passenger growth path
Graphs and data:
- Selected European Carriers passenger numbers and passenger number growth on European services in Nov-08
- Selected European Carriers passenger numbers and passenger number growth on European services for the 11 months ended 30-Nov-08
- Europe LCC capacity growth plans Winter 2008/Summer 2009: Dec-08
- Selected European airlines' load factors (%) and load factor growth (year-on-year % change): Nov-08
- Select European airlines' passenger traffic (mill) and passenger growth (year-on-year % change): Nov-08
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