European airlines' long cold winter in prospect
Europe is now into a sixth consecutive week of deepening year-on-year cuts in seat numbers. Its reduction of -60.3% in the week of 28-Sep-2020 is only fractionally worse than last week's -60.1%, but comes when all other regions have narrowed the rate of decline compared with last week.
European capacity derived from schedules filed with OAG for Oct-2020 is currently projected to be at 42% of 2019 levels, similar to Sep-2020's 41%, but not back to the 45% level reached in Aug-2020. Moreover, data from ACI Europe indicate that traffic has been performing worse than capacity by 10 to 12 ppts.
Peak recovery for Europe's air traffic was in mid Aug-2020, since when both seat numbers and passenger numbers have fallen at a deepening year-on-year rate. Global forward bookings data from IATA suggest 4Q2020 could be worse than 3Q2020.
Europe's airlines are facing a long and cold winter.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.