Passenger growth slows in Nov-08 as European airlines feel the impact of a slowing European economy
Passenger growth among European carriers slowed in Nov-08, reflecting the slowing European economy, with only Monarch Airlines, Ryanair and Norwegian Air Shuttle reporting passenger growth above 10% in the month, although SWISS grew just shy of that figure. Meanwhile, the major European network carriers reported year-on-year passenger declines, with struggling Eastern European LCC, SkyEurope, and Germany’s second largest carrier, Air Berlin, also reporting passenger reductions, in the pursuit of maintaining/improving unit revenues and yields.
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 400 News Briefs every weekday and comprehensive data and analysis on thousands of companies around the world.