ACI Europe DG notes EU pax traffic softening in 1Q2019, although market ‘remains dynamic’

    ACI Europe DG Olivier Jankovec reported (14-May-2019) Mar-2019 and 1Q2019 traffic in Europe is “softening” though still “remains dynamic, especially in the EU“. This is currently reflected in improved economic data in the Eurozone and a more “benign” global economic outlook, he continued. Mr Jankovec noted volatile oil prices, continued airline consolidation, ATM disruptions and increasing airport capacity constraints will limit airline capacity growth “in the coming months” while declining imports and a risk of trade escalations are “ever present” threats to demand. Concerns over aviation’s environmental impact will likely add to downward pressure in the medium term, he concluded. [more – original PR]