International demand weakens for European carriers
Contributors are not employed, compensated or governed by TD, opinions and statements are from the contributor directly
European airlines have reported a weakened increase on international routes, according to the latest IATA numbers.
Growth for international services was up 3.9% in September, compared to 7% year-on-year increases in August.
This was partially attributed to the impact of the Air France crew strike and weakening of Europe’s economic prospects.
Capacity for European carriers was up 2.6% in September with load factor at 84.7%, the highest in any region.
Globally September traffic is up 5.3% with the load factor at 80.3%, with North American airlines the only other region to see load factor above 80% at 82.4%.
“Overall, demand for passenger travel is growing in line with expectations. We saw, however, some shifting of the sources of that growth in September, largely driven by economic factors. The strengthening of the US and Asian economies was offset by weakness in Europe and Latin America,” said Tony Tyler, IATA’s director general and CEO.
Comments are closed.