Europe aviation: intercontinental yield even stronger than intra-Europe

CAPA's regular analysis of Europe's capacity recovery from the COVID-19 pandemic shows that the trend continues its broadly sideways trajectory.

A report from IATA contains charts indicating that 2022 passenger demand and airline revenue in Europe will reach lower percentages of 2019 levels than capacity. Nevertheless, airline revenue is set to recover faster than passenger numbers, both within Europe, and between Europe and other continents. This indicates yield strength, particularly on intercontinental routes.

Europe's capacity has halted its recent slide as a percentage of 2019 levels. Europe remains fifth in the regional ranking, above only Asia Pacific.

In the week of 14-Nov-2022 seat numbers are at 84.9%, a shortfall of 15.1% against the equivalent week in 2019. This is an improvement of 1.1ppts from last week, but Europe's capacity recovery has not moved significantly outside the range of 85% to 86% of 2019 capacity for the past six months.