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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
JET FUEL
Global airline passenger capacity fell by 1.1m seats to 108.3m in the week commencing Oct. 23, according to OAG, down 1.1% on the week.
- Compared to the same week in 2019, total airline capacity is up 1.1%. However, OAG attributed that to the summer season in 2019 ending on Oct 26 compared to Oct. 28 this year.
- This week represents the final week of the IATA summer season. Across the whole summer season, global capacity was 13.3m seats, 0.4% higher than the summer 2019.
- Domestic capacity has been more stable on the week. The exception was in North America where domestic seats fell by 1.7%.
- International capacity in Europe fell by around 0.5m seats on the week. Capacity in the Middle East declined by 152k, 107k coming from Israel’s falling international capacity.
- Total global airline capacity for 2023 is now projected to end the year 3.5% below full year 2019.
Source: OAG
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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