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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 capacity is set to decline by 0.3m seats to 115.9m in the week to Aug. 21, according to OAG.
- This is down 0.3% on the week and is 0.6% below the same period in 2019 when capacity was 116.6m seats.
- The fall is driven by a decline in domestic capacity, which is down by 0.23m to 69.4m seats. However, domestic airline seat capacity remains 4.4% higher than at the same time in 2019.
- International capacity softened by only 0.1m seats to 46.5m but remains 7.3% below levels in the same week in 2019.
- International capacity reductions are spread over a broader range of regions, according to OAG, with reductions in Southeast Asia, Northeast Asia, Europe, and North America.
- Capacity is expected to drop further in the coming weeks, before declining further to 97.5-98m seats when winter begins in November.
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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