IATA: Europe EBIT margin remains under pressure in 2Q2019

    IATA, in its Aug-2019 Europe regional briefing, reported (22-Aug-2019) profitability for European carriers remains under pressure in 2Q2019 with EBIT margin decreasing 0.8ppt year-on-year to 8.9% of revenue. Passenger yields remained under pressure in Jun-2019, in line with the regional profit outcome. Russia domestic market was the major under performer with 22.5% decline. Yields in the larger Europe-Asia market deteriorated at an accelerated pace in Jun-2019 to -8.9%, compared to -1.2% in May-2019. [more – original PR]