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.