Loading
2-Oct-2009 8:45 AM

EUROCONTROL states economic recovery not yet visible for European air transport sector

EUROCONTROL forecast (01-Oct-09) the number of aircraft movements in Europe will decline 6% year-on-year in 2009. All market segments are affected by the decline in traffic, as are most European countries. According to the forecast, the LCC segment as a whole shows the clearest signs of returning to growth, predicting that this sector could show overall positive traffic in Nov-2009. However, for all-cargo and business aviation, even the partial recovery seen during the Summer months is "looking fragile". Expected traffic results by country are as follows:

EUROCONTROL: “A number of European economies may have left recession behind, but the recovery in traffic growth is arriving more slowly than forecast. Implicit in this forecast is a return to weak growth in Nov/Dec-2009. However, with further cuts in the Winter 2009/2010 timetables announced by some airlines, the recovery could be three to six months later than that,” David Marsh, Head of Forecasting. Source: EUROCONTROL, 01-Oct-09.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More