European aviation: Ryanair & Wizz Air best placed for market reopening
After operating only 27% of 2019 seat capacity in 1Q2021, Europe's airlines are currently projecting further caution for Apr-2021, based on OAG schedules. Europe's seat count is down by 70.6% in the week of 29-Mar-2021, which marks the start of the summer season 2021.
As it has for almost six months, Europe still lags other regions. As new lockdowns and further spread of new strains of COVID-19 occurs, this is unlikely to change soon.
However, a rapid bounceback for Europe to more than 50% of 2019 levels is projected for May-2021, rising to 77% to 78% in Jul-2021 and Aug-2021.
More than evidence of inked-in planning, this reflects a 'wait and see' stance by airlines towards the relaxing of international travel restrictions. There is some logic to maintaining plans until greater clarity emerges.
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