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AEA pax numbers up 2% to 370 million in 2012, load factor up. EBIT loss forecast

17-Jan-2013 2:06 PM

Association of European Airlines (AEA) stated(16-Jan-2013) its members reported a passenger growth of 2.4% year-on-year with all route areas showing an increase except domestic in 2012. Details include:

  • Passenger numbers: 370 million, +2.4% year-on-year;
  • Passenger load factor: 79.1%, +1.7 ppts;
  • Passenger traffic (RPKs): +4.3%;
  • Capacity (ASKs): +2.0%. [more – original PR]

AEA: “These encouraging traffic results are not reflected in the financial performance of the airlines. As already announced in December, AEA forecasts an EBIT (Earnings before interest and tax) loss due to a strong increase of external costs exacerbated by weak European currencies, aviation-related regulatory burdens, and a weak external aviation policy that affects the international competitiveness of European airlines.” Source: Company statement, 16-Jan-2013