European airlines have started their summer preparations. According to predictions, the 2024 season could be a record season. writes about this Finance Times.
Europe’s largest carriers, particularly low-cost carriers Ryanair, easyJet and Wizz Air, have increased the number of flights from April to October 2024 due to increased travel bookings. During this period, airlines will be able to carry 817.5 million passengers, the highest number in history.
Adjusted operating profit for Europe’s six largest carriers could rise to €10.5 billion in 2024 from €9.2 billion last year, according to FactSet consensus forecasts.
“People still want to travel and despite cost-of-living challenges, consumers are prioritizing experiences,” said Andrew Lobbenberg, head of transportation research at Barclays Europe.
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