IATA: EBIT margin for European carriers down to -16% in 1Q2020

    IATA, in its Jun-2020 Europe regional briefing, reported (29-Jun-2020) the EBIT margin for European carriers decreased to -16.1% in 1Q2020, compared to -4.4% in 1Q2019. Apr-2020 passenger yield data, denominated in USD, provided a less representative estimate than would typically be expected due to a dramatically smaller number of tickets being sold. Yields contracted most significantly on Russia domestic routes, with a 23.4% year-on-year decrease, EuropeNorth America (-17.6%) and EuropeAfrica (-12.0%) markets. [more – original PR]