As temperatures continue to soar in Europe, airline capacity has followed reaching 98.5 million seats this week, the 100 million mark remains tantalisingly just out of reach as China adds back further capacity. Against that backdrop there is the IATA AGM taking place in Doha and the IATA Slot Conference in Seattle; it’s a busy week for the industry with current optimism mixed with growing concerns around the last half of the year as economic headwinds once again impact the aviation industry.
The last seven days are a typical week in the airline industry. A new low-cost long-haul airline launches, two major airports announce reductions in permitted movements for the summer season, easyJet cut around 5 million seats from their summer programme and the price of jet fuel nudged up another 3.6% to an average of US$176.56 a barrel – that’s 128% up on the same week last year! And sadly, an airline failure in South Africa with Comair finally giving up the battle. It’s been another…