European aviation pays the price for its international dependency
Europe's dependence on international markets was always going to be a threat in the recovery from the pandemic, and even more so, given differences in the level and timing of travel restrictions across the continent.
In 2019, the last pre-COVID year, more than three quarters of Europe's seats were international – much greater than in the other leading aviation regions (just over a third in Asia Pacific and a quarter in North America).
Europe's seat capacity in the week of 8-Feb-2021 is down by 75.4% versus 2019. It has been within a percentage point of this for four weeks now, but it is 1.0ppts worse than last week and much worse than any other region.
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