European Air Traffic Reaches Pre-Recession Levels - Business Travel News

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European Air Traffic Reaches Pre-Recession Levels

July 12, 2010 - 10:40 AM ET

By Amon Cohen

Provisional figures for June indicate European passenger traffic is back to where it was before the recession, the Association of European Airlines said late last week. Revenue passenger kilometers were up 8 percent from the same month in 2009, driven predominantly by a surge in bookings to the Far East. "Should it be confirmed by the final monthly data, this would be the first sign that the sector has recovered to pre-recession levels," AEA said.

Full figures for May showed a more modest increase of 4.3 percent over 2009, although airlines were severely affected by the cancellation of 10,000 flights in the latter stages of the volcanic ash crisis. Even so, this was a significant improvement, with May 2009 having been 8.2 percent lower than the same month in 2008. Capacity in May 2010 was up only 0.2 percent, leading to an improvement in load factor from 73.2 percent to 76.2 percent.

Long-haul operations performed particularly well, with average load factors at 80.3 percent. In addition to the Far East, business to the Middle East, North Africa and South America showed strong growth.

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