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05-Dec-2019 10:36 PM

European Airlines: 2020 outlook characterised by uncertainty

Airline Leader

2020 outlook characterised by uncertainty

Caution over capacity and consolidation look set to remain key themes for Europe's airline industry in 2020.

Airline seat growth in Europe in 2019 is the slowest since 2013, reflecting a cautious and rational response to macroeconomic and geopolitical uncertainties. The gradual process of European airline consolidation by elimination continued in 2019, with Thomas Cook Airlines, Germania, WOW air, flybmi, Aigle Azur, XL Airways France and Adria Airways France all ceasing operations during the year.

In addition, Flybe was acquired by Connect Airways, a consortium of Virgin Atlantic, Stobart Aviation and Cyrus Capital. Norwegian is no longer an immediate acquisition target, concentrating instead on self-help. Alitalia remains for sale after repeated extensions of the bidding deadline.

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