European demand for flights at ‘all time high’
The International Air Transport Association (IATA) reported a 7.2% year-on-year increase in air passenger demand in Europe in July
While this increase was slightly below the global average of 8%, it was largely driven by a robust recovery in Asia Pacific.
Key takeaways
- European airlines increased available seat kilometers (ASKs) by 7%, slightly below the global average of 7.4%;
- Demand for international flights in Europe significantly outpaced capacity growth, with demand up 8.3% compared to an 8.1% increase in capacity;
- Despite the widespread disruption caused by the CrowdStrike IT incident in mid-July, which resulted in thousands of flight cancellations worldwide, IATA reported no significant negative impact on demand during the month.
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