Extract
Airline Finance News - Europe.
May 3, 2009
Airlines scheduled 6 percent fewer flights this month compared with April 2008, with a 3 percent drop in seat capacity, according to the latest statistics from OAG. It marks the ninth successive month of declines and represents a reduction of more than 136,000 flights and 9 million seats year-over-year. Flight schedules within Europe are down by 8 percent while capacity is off 7 percent with 4.7 million fewer seats on offer. Figures for North America show downturns of 9 percent in domestic frequencies and 8 percent in capacity, with a 6 percent drop for flights and capacity to/from the region. Flights within Latin America have 5 percent less capacity, while Asia is relatively stable with a 1 percent drop in capacity to/from the region and a welcome 3 percent rise in the number of seats offered within the region. The Middle East is showing a significant upward trend. Flights and capacity within the region are up 12 percent and 11 percent respectively, while flights and seats offered to/from the region are up 15 percent each. Flights to and from Africa are ahead 6 percent with a 7 percent increase in capacity, although flights within the region are down 1.6 percent with virtually no change in capacity. Apr 28, 2009 Low-cost carriers represented 35 percent of all intra-European capacity last year, virtually unchanged from 2007, according to the 2009 edition of RDC Aviation's Low Cost Monitor. Growth across all sectors "slowed ...See the full content of this document
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