Passenger demand weak in Jan-09 as European airlines feel the impact of a slowing economy
Passenger demand among European carriers weakened further in Jan-09, reflecting the contracting European economy, with only Ryanair and Norwegian Air Shuttle reporting passenger growth rates of 10% and above (in contrast, SkyEurope reported a passenger reduction of 23.5% in the month). [897 words]
Unlock the following content in this report:
- Strong LCC passenger growth in 2008; AEA carriers reducing capacity
- Two strategies: aggressive market-share driven campaigns vs careful capacity yield management
- Major network airline load factors well below LCCs within Europe
- Ryanair leads the way in passenger growth in Jan-09
- A tough year ahead
Graphs and data:
- Select European airlines' passenger traffic (mill) and passenger growth (year-on-year % change): Jan-09
- Select European carriers' passenger numbers and passenger numbers growth on European services in Jan-09
- Select European carriers' passenger numbers and passenger numbers growth on European services in 2008
- Selected European airlines' load factors (%) and load factor growth (year-on-year % change): Jan-09
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