FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

US Treasury Auction Calendar

Broad-based Softening In June Underlying Inflation Metrics

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Global Airline Passenger Capacity Falls 0.19% on Week: OAG

JET FUEL
Energy BulletsHomepagemarkets-real-timeBulletCommodities

Global airline passenger capacity is set to fall to 113.08m seats in the seven days commencing May 13, OAG said. This is a drop of 0.19% on the week,

  • The decline continuous to go against previous expectations: last week’s forward schedule forecast a rise of 0.81% to 114.21m seats.
  • More tepid domestic capacity remains the main driver of the underperformance in total capacity. Domestic capacity is lagging forecasts this week by 1.02m seats.
  • Domestic capacity is down 0.43% on the week to 66.55m seats, while international capacity is up on the week by 0.16% to 46.53m seats.
  • Looking at whole-month May, total capacity is expected to be up 7% on the year to 507.24m seats.
  • The largest growth area is Europe, up 8.7m seats on the year as it approaches peak summer travel.
  • North Asia is also seeing strong growth, adding a further 7m additional seats on the year.
149 words

To read the full story

Close

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.

Global airline passenger capacity is set to fall to 113.08m seats in the seven days commencing May 13, OAG said. This is a drop of 0.19% on the week,

  • The decline continuous to go against previous expectations: last week’s forward schedule forecast a rise of 0.81% to 114.21m seats.
  • More tepid domestic capacity remains the main driver of the underperformance in total capacity. Domestic capacity is lagging forecasts this week by 1.02m seats.
  • Domestic capacity is down 0.43% on the week to 66.55m seats, while international capacity is up on the week by 0.16% to 46.53m seats.
  • Looking at whole-month May, total capacity is expected to be up 7% on the year to 507.24m seats.
  • The largest growth area is Europe, up 8.7m seats on the year as it approaches peak summer travel.
  • North Asia is also seeing strong growth, adding a further 7m additional seats on the year.