Since the early 1980s, only the 11 September 2001 attacks, Sars and the Gulf Wars have caused such declines. With European countries entering recession, traffic cannot be expected to recover quickly, and this was the first traffic loss since the early 1980s which was attributable to essentially economic factors the AEA said.

The association blamed the “toxic” combination of economic slowdown, declining business and consumer confidence, and fuel-driven price inflation for the fall. Ulrich Schulte-Strathaus, general secretary of the AEA, said: “In terms of response to purely economic stimuli, these figures are the weakest our industry has seen for 25 years.”

Cross-border European flights fell 1.1%, while total international flights were down 0.1%.
Alitalia, Italy’s national airline that filed for bankruptcy protection in August, saw traffic fall 25%, more than any other carrier. Spanair was down 21.1% and Icelandair was down 12.8%.

In load factor terms it is clear to see what a catastrophe Alitalia has become, load factor down 7% year on year even though capacity was slashed 18%. Also reporting terrible figures is Spanair which shows 7% worse load factor despite capacity down 13%. Olympic airways bucked that trend with a 14% cut in “cax” helping it to a 6% improvement in loads.

Airline Load Factors for September

More Airline news from: Airline-News.co.uk

European Air Traffic Mirrors Economy

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