Passenger load factor remains above average, finds January’s State of the Region report.

Paris, France, growth, traffic, strategy

Airlines in Europe are outperforming their regional competitors when it comes to passenger load factor, according to a report by the International Air Transport Association (IATA).

January’s State of the Region report shows that carriers in Europe continue to achieve higher than the industry-wide outcomes, with passenger load factor at 81.7% for Europe compared to 80% across the sector.

Freight load factor sits at 57.9% for Europe, greater than the industry-wide 51.5% for November.

Elsewhere in the IATA regional report for Europe, data indicates a 32% increase in airplane deliveries in 2019 for carriers in the region

Industry-wide passenger revenue kilometers (RPKs) have experienced a recent slowing in growth, dropping from 6.3% to 6.2% in November. That is still above the 10-year average RPK growth rate of 6.0%

Freight tonne kilometers (FTKs) stood still in November, which was the slowest growth rate in two-and-a-half years. In addition, freight volumes for Asia—the largest market—declined to -1.0% year-on-year.

Despite the falling figures in the East, the smaller Within Europe market remained the best performing regional FTKs with a healthy result of 6.0% in November.

Elsewhere in the IATA regional report for Europe, data indicates a 32% increase in airplane deliveries in 2019 for carriers in the region.

Looking at the economic picture in selected countries, the report showed that business confidence dropped in Russia, but is still above-average levels.

The latest figures reveal the impact the ‘gilet jaunes’ protests has had on France, which has seen GDP growth decrease each quarter in 2018, but Brexit has not stopped the UK from making small rises in business confidence throughout the year.

Brent crude oil & jet fuel prices plunged in Q4 as market concerns moved to oversupply, but have recovered partially since then amid signs of new supply cuts.

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