Embraer: European yields have declined at 2% p/a for the past five years

Embraer reported (12-Oct-2016) that despite recent headwinds against aviation in Europe, the capacity/demand balance has been sustained by "keen price competition". Yields in the region have been decreasing 2% p/a for the past five years according to the manufacturer. Embraer stated that despite the region's wealth, high propensity for air travel and high load factors, Europe's "perennial woes are attributed to the weak revenue environment, resulting from a savagely competitive aviation market. [more - original PR]