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The trend of decreasing freight traffic is hard to ignore. It reflects weakening economic data and contraction forces at play, not just in Europe but around the world. These will ultimately translate into lower passenger demand, adding to that, volatile oil prices, labour cost pressures and more consolidation should also lead airlines to be more cautious with capacity expansion. So pressures on passenger traffic are likely to come both from the demand and supply sides in 2019.
Found on Reuters 5 years ago
However, the political instability and uncertainty it has created in the UK and beyond is already hurting business confidence and might end up doing the same for consumer confidence – this could affect demand for air transport later in the year.
Found on Reuters 8 years ago
Some of the leisure demand is shifting towards the EU market – contributing to boosting EU passenger traffic performance for airports in Portugal, Spain and Cyprus in particular.
Found on Reuters 8 years ago
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