Europe to Far East traffic deteriorates

[Best Western]

Bad news.

Since Sept 11th Far East Traffic to Europe traffic continues to deteriorate rapidly according to data recently released by the Association of European Airlines.

The week following Sept 11th traffic fell by only 8.9%, but in the latest reported week, traffic fell by 23%.

These falls may further hide an even worse fall in demand for far east traffic, as airlines, such as Virgin have increased traffic in these markets.

US traffic has stabilized at -33%.

AEA passenger-km – year-on-year comparison

Intra- North Far East/
Week European Atlantic Aust.
36 2.4 -2.8 -3.9 Sept 03

37 -6.3 -58.3 -8.2 Sept 10
38 -5.9 -20.5 -8.9 Sept 17
39 -9.9 -35.2 -14 Sept 24
40 -11.8 -33.5 -19.5 Oct 01
41 -14.9 -33.5 -23.1 Oct 08

Edited to make chart easier to read

[ 24 October 2001: Message edited by: Best Western ]

[slingsby]

It's true, I'm contracted to V8... carrier and can accurately inform you of impending doom for F/E carriers especially this one.

L/F are less than 30% inbound to europe with pick ups in the M/E at nearly zero. However, a bit of bright news, outward figures are still high, with L/F near 95% or greater on some days. My ground pounding colleagues in EGLL report only one way traffic leaving europe for the far east, but nothing coming back. Surely the end is nigh for yet another carrier (Not one for trying to cut back though, another story that). We came out of one airport for LHR with only 37 seats filled out of 200, 12 of those were deadheading crew..!!

Watch this space for the demise of the smaller Far eastern carriers. Your comments invited if you think we should worry. :eek: [/LIST]

[stickyb]

A purely subjective observation, but i flew HKG-LHR and back at the weekend (as pax) on CX, Bus class was full both ways, Y had only a couple of empty seats both ways.
Certainly seems to be a lot of pax there.