Overall European flights increased by 4.6% in January 2017 compared to January 2016 and were above the high forecast range. Preliminary data for February show average daily flights up 3% on February last year.
IATA reported that European scheduled passenger traffic (RPK) incre ased by 4.8% in 2016 (vs. 2015). Capacity was up 5% and the total passenger load factor was 82.8%.
Oil prices increased to €53 per barrel in February from €52 per barrel in January.