European Airline Traffic data
The Association of European Airlines has released traffic and capacity data for its members in June 2008.
Following a better-than-expected set of results in May, the June figures more clearly reflected the depressed situation of the market. Year-on-year traffic growth slowed to 1.6pct which, coupled with a 4.0pct increase in capacity, led to a substantial fall in load factor, by 1.9 percentage points to 77.4pct.
Decreases were recorded in Domestic operations (-6.7pct) and on the North Atlantic (-0.2pct). The normally buoyant European cross-border markets grew by 3.2pct and Europe-Far East by just 0.5pct. Regions which continued to post strong growth were the South Atlantic – which, at plus 10.3pct nevertheless suffered a heavy loss in load factor – and the Middle East, with +6.9pct.
Preliminary results for July, based on weekly reports, indicate a growth figure perhaps a percentage point better than in June, driven by a slight recovery in North Atlantic and Far Eastern flows, although both remain substantially depressed. Load factors are expected to show a further decline, although less dramatic than in June.
DHL and TNT recently joined the association with effect from July 1, taking membership to 35 airlines.
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