International travel up for Europe’s airlines
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Airlines in Europe saw a 5.9% increase in international air travel during this June year-on-year, IATA has found.
Capacity increased 3.4% in the month, which took its load factors to 83.2% for international routes.
Middle East-based carriers continued to see the highest growth with international traffic up 12.1% compared to last year, while those in Africa, Latin America and Asia Pacific grew 11.2%, 8.7% and 5.5% respectively.
Europe’s growth was slightly shy of the global 6% average growth globally against a 5.6% rise in traffic that set load factors at 81.7%.
“The half-year report for passenger markets is broadly positive. There is plenty of evidence to support some cautious optimism. Airlines are expecting continued growth in demand, but there is little immediate hope for an improvement in yields,” said Tony Tyler, CEO and director general of IATA on the results.
“In the short term, cost control remains high on every airline’s agenda. And the longer-term challenge is to expand value streams to generate sustainable levels of profitability,” he added.
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