European flights grew at a rate of 5% during June, July and August 2017 compared with the same period in 2016. The network hit a record number of one million flights in both July and August. This was faster than the high-growth forecast.
Charter flights hit an 8% growth rate during the summer (compared to June - August 2016). This is due primarily to the traffic recovery between the Russian Federation and Turkey.
In other developments, airberlin filed for insolvency proceedings after Etihad withdrew its financial support and oil prices averaged €44 per barrel in August up from €42 in July. Read more in the full industry monitor.