17-Jul-2012 11:49 AM

Association of European Airlines pax up 3% to 177.6 million in 1H2012, cargo traffic down 5%

Association of European Airlines (AEA) reports (16-Jul-2012) the following scheduled traffic highlights for its member airlines for the six months ended Jun-2012:

  • Passenger numbers: 177.6 million, +3.4% year-on-year;
    • International short/medium haul: 96.9 million, +4.2%;
    • Long haul: 36.1 million, +5.4%;
  • Passenger load factor: 77.1%, +2.0 ppts;
    • International short/medium haul: 71%, +2.2 ppts;
    • Long haul: 81.1%, +1.9 ppts;
  • Cargo traffic (FTKs): -4.9%;

AEA: “2012 was foreseen with a gloomy, uncertain economic outlook and our forecasts are proving to be accurate. According to our latest analysis, we forecast for our members a EBIT (earnings before interest and tax) loss of about EUR1.5 billion in 2012. Despite the extremely challenging financial situation we see that external costs imposed on the airlines by third parties continue to rise. European airlines are taking their responsibility to overcome the current challenges but they need a fertile soil in order to strengthen their positions in the global playing field and to accelerate their contribution to the much-needed recovery of Europe’s economy,” Athar Husain Khan, acting secretary general. Source: Company statement, 16-Jul-2012.

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