New EUROCONTROL Traffic Scenarios factor in latest COVID impacts on European aviation

EUROCONTROL has issued a new set of Traffic Scenarios for the period up to June 2021. Air traffic throughout Europe is expected to be approximately 64% down in January 2021 compared to January 2019 and the situation is quickly deteriorating. In response to the latest waves of COVID and risks associated with new variants, many […]

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EUROCONTROL: Traffic not expected to reach 2019 levels until 2024 at earliest

EUROCONTROL has released a new forecast looking at the possible evolution of air traffic in Europe over the coming 5 years. In the most optimistic scenario, traffic is forecast to return to 2019 levels by 2024. However, in the second scenario (most likely), 2024 traffic would only be at 92% of the 2019 figure. In […]

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EUROCONTROL has revised downwards its Draft Traffic Scenarios up to February 2021

EUROCONTROL has revised downwards its Draft Traffic Scenarios up to February 2021. Under its new “Current Status Scenario”, the total number of flights expected in Europe is anticipated to be 55% lower than in 2019, a drop of 6 million fewer flights, or a further 1 million reduction in European flights than previously anticipated. “We’re […]

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Ryanair reports Q3 loss of €306 m as traffic falls 78%

Ryanair Holdings plc today (1 Feb.) reported a Q3 loss of €306m, compared to a PY Q3 profit of €88m. Features of this 3-month period to 31 Dec. included: • Q3 traffic fell from 36m to 8m (-78%). • €3.5bn cash at quarter end (31 Dec.). • Cost reduction & liquidity management continues at all […]

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IATA: Slow Recovery Needs Confidence Boosting Measures

The International Air Transport Association (IATA) called for governments to work with the industry on confidence-boosting measures in the face of an anticipated slow recovery in demand for air travel. “Passenger confidence will suffer a double whammy even after the pandemic is contained—hit by personal economic concerns in the face of a looming recession on […]

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