歐洲航空業(yè)-英

SupportingEuropeanAviationEUROCONTROLEUROPEAN

AVIATION

OVERVIEWEUROCONTROLEuropeanAviationOverview/

113-19

Nov

2023Wednesday

22

NovembeHeadlinesTop

10

busiest

StatesTraffic

situation(Week

13-19

Nov

2023)On

week

13-19

Nov

2023Average

daily

flights

(including

overflights)(all

flights

excl.

overflights

compared

withprevious

week)Week

13-19

Nov

2023The

Network

recorded

24,506

average

daily

flights(+7%

vs

2022).

The

average

numberof

flights

was2%

lower

than

in

the

previous

week,

with

airlinesscaling

back

on

flights

m

ore

than

expected,

asthey

changed

to

winter

schedules.Since

the

beginning

of

November,

the

number

offlights

in

the

network

was

at

92%

of

2019

levels,

inline

with

the

low

scenario.On

average,

the

top

10

carriers

decreased

theircapacities

by

2%

compared

to

the

previous

week.En-route

ATFM

delays

averaged

just

below

13,000minutes

per

day

(0.53

min/flight),

with

the

maincauses

being

capacity

&

staffing

(46%).

The

delaylevels

are

now

much

lowe

r

due

to

the

decrease

inflights.

However,

the

week

registered

5%

higherdelays

compared

to

the

previous

week.Arrival

and

departure

punctuality,

at

76.3%

and72.1%

respectively,

were

8.4/9.1

percentagepoints

be

low

2019

levels,

and

also

lower

than

theequivalent

week

in

2022.The

average

jet

fuel

price

stood

at

2.98USD/gallon

on

17

November

2023,

a

3%

increasecompared

to

two

weeks

ago.EUROCONTROLbilled

837M€

in

en-route

chargesfor

October

2023

flights,

16%

above

the

amountbilled

for

October

2022

flights.

On

a

year-to-datebasis,

EUROCONTROL

has

billed

7,769M€

in2023,

+20%

compared

to

2022,

reflecting

moreservice

units

and

higher

unit

rates.EUROCONTROLEuropeanAviationOverview/

2Overall

situation

compared

to

theEUROCONTROL

Monthly

Traffic

Forecast(base

year

2019)The

latest

EUROCONTROL

Monthly

TrafficForecasts

for

the

period

up

to

March

2024predict

continuing

growth,

reaching

98%

of2019

traffic

in

our

Base

Scenario

by

the

endof

the

period.For

the

first

19

days

of

November

2023,flights

closed

at

92.4%

(rounded

to

92%

)

ofNovember

2019

levels,

in

line

with

the

lowscenario.The

network

recorded

fewer

flights

thananticipated

as

airline

schedules

madeavailable

during

the

preparation

of

theforecast

were

too

optimistic

and

did

notproperly

reflect

the

change

to

winterschedules.Moreover,therewerecancellations

this

month

(storm

episodesearly

November

as

well

as

cancellationsfrom

low-cost

airlines,

sensitive

to

themarketconditions).On

a

year-to-date

basis,

Network

traffic

is

at91%

of

2019,

and

+10%

vs

2022EUROCONTROLEuropeanAviationOverview/

3Arrival

&

departure

punctuality(all

network

scheduled

flights)Week

13-19

Nov

2023Network

punctuality

deteriorated

when

compared

tothe

equivalent

week

in

2019.

Arrival

punctuality

wasdown

by

8.4

percentage

points

to

76.3%

with

departurepunctuality

falling

by

9.1

percentage

points

to

72.1%.Seasonalweather

was

the

main

cause

of

delays

in

thenetwork

in

the

week

of

13-19

November.

Lisbonexperienced

de

lays

due

to

low

visibility

every

day

of

theweek;

Amsterdam

Schiphol

s

aw

de

lays

due

to

lowvisibility

and

winds

notably

on

13,

14

and

19

Nov.Istanbul

IG

A

and

Sabiha

G?k?en

were

impacted

bythunderstorms

and

strong

winds

on

13

and

19

Nov.London

Heathrow

recorded

de

lays

due

to

AT

C

staffingon

19

Nov,

Athens

had

work

in

progress

on

rapid

exittaxiways

on

runway

03L/21R,

resulting

in

singlerunway

operations.

Regarding

industrial

action,theweek

s

aw

de

lays

at

Lanzarote

and

Fuerteventuraairports

due

to

action

by

staff

operating

the

ATC

tower.A

French

ATC

strike

commenced

in

the

evening(1700UTC)

of

19

November

and

ran

until

21

November(0500UTC).The

pictures

show

the

share

of

flights

arriving/departing

no

later

than

15

minutes

after/before

the

scheduledtime(OTP15).EUROCONTROLEuropeanAviationOverview/

4En-route

ATFM

delaysShare

of

en-routeDelaysper

cause

(EUROCONTROL

Area)ATFM

delaysIn

minutes

(totaldaily

and

7-day

average)

in

2023Week

13-19

Nov

2023Germany

accounted

for

24%

of

all

en-route

ATFM

delays,

owing

to

system

implementation(Munich)

but

also

capacity

and

staffing

(mainly

Karlsruhe).At

the

end

of

the

13-19

November

week,

en-route

ATFM

delays

were

above

2022

levels

on

most

days.

On

a

7-dayaverage

(last

bar

onthe

right),

the

weekregistereddelays

27%

higher

than

in

the

comparableweekin2022.Spain

came

second

with

23%

of

all

en-route

ATFM

delays,

mainly

due

to

systemimplementation

(Sevilla),

changes

of

procedures

(Canaries)

as

well

as

s

ome

capacityregulations

due

toa

militaryexercise.On

average,

they

amounted

to

12,993

minutes

a

day,

with

the

main

cause

being

capacity

&

staffing(46%).

ATCdisruptionwas

significant

on

19

November

due

to

the

start

of

an

industrial

action

in

France

.Hungary

came

third

with

19%

of

all

en-route

ATFM

delays,

owing

to

limited

capacityin

s

omesectors

(militaryexercise)while

demand

remains

strong

(unavailability

of

Lviv

FIR)EUROCONTROLEuropeanAviationOverview/

5En-route

ATFM

delayed

flights

per

Area

Control

CentreDelay

per

flightOver

the

last

week,

en-route

ATFM

de

lays

havedecreased

by

5%

com

pared

to

the

week

beforeand

a

re

above

2022

levels

(12,993

minutes

pe

rday,

onaverage).Week

13-19

Nov

2023Compared

to

the

same

week

in

2022,

en-routeATFMdelays

were

27%

higher.Last

week,the

most

affected

ACCs

were:?Budapest

(1.1

min/flight),

mainly

owing

tomilitary

exercise

restricting

available

areadespite

strong

capacity

demand,?Sevilla

(0.8

min/fl),

mainly

due

to

theimplementationofnewnavigationprocedures

(and

airspace

design)

as

wellasmilitaryexercise,??Lisbon

(0.7

min/fl),

mainly

owing

toincreasingoverflights

from/toCanaries,Munich

(0.7

min/fl),

due

to

systemimplementation(iCAS).Overall,

Germany

was

responsible

for

24%

of

allen-route

ATFM

delays

last

week,

followed

bySpain

(23%)

and

Hungary

(19%).EUROCONTROLEuropeanAviationOverview/

6Top

10

StatesStates

in

the

EUROCONTROLNetworkDeparturesand

arrivalsWeek

13-19

Nov

2023See

moreCompared

to

the

equivalent

week

in

2019Dep/Arr

flights

for

week

13-19

Nov

2023No.1.CountryUnited

KingdomAveragedaily

flights4,573%

prev

week-2%%

prev

year%

2019

+8%+6%

-9%-18%+6%-4%-3%

2.3.GermanySpain4,1773,9953,4982,9032,4251,4411,2321,053990-1%+10%+6%-3%4.France-2%5.Italy+11%+8%-4%-5%6.TürkiyeNetherlandsNorwaySwitzerlandPortugal+4%-6%-1%7.+13%-2%-1%8.-13%-6%-1%9.+7%-3%10.+6%+5%The

top

10

States,

in

aggregate,

recorded

fewer

flights

compared

to

the

previous

week(-2.3%).Compared

to

the

previous

edition:

Switzerland

and

Portugal

swappedplaces.All

States

recorded

fewer

flights

compared

to

the

previous

week,

mainly

as

a

result

of

reduction

of

capacitiesfrom

the

airlines.Türkiye

posted

the

highestdecrease

but

was

affected

by

weather

disruptions

(13

and

19

Nov).Three

States

within

the

top

10

are

recording

traffic

above

2019

(Spain,

Türkiye,

and

Portugal).

T

he

sevenremainingStates

are

still

between

18%

and

6%

below

pre-COVID

levels.The

number

of

flights

to/from

Israel

recorded

65%

fewerflights

compared

to

the

same

week

in

2022.EUROCONTROLEuropeanAviationOverview/

7Top

10

aircraft

operatorsAircraft

operators

in

theEUROCONTROL

NetworkWeek

13-19

Nov

2023

(avg

dailyflights)See

moreCompared

to

the

equivalent

week

in

2019No.1.Aircraft

operatorRyanair

GroupAveragedaily

flights2,182%

prev

week-2%%

prev

year%

2019Dep/Arr

flightsfor

week13-19

Nov

2023

+0%+6%

+10%-1%2.3.Turkish

AirlinesLufthansa

AirlineseasyJet

GroupAir

France

GroupWizz

Air

GroupBritish

Airways

GroupKLM

Group1,2891,1791,121913+3%-19%-13%-19%+48%-9%-1%+6%-5%4.+20%-5%-2%5.-0%6.790+25%+12%+28%+1%-2%7.781-1%8.768+0%-1%9.SAS

Group597-29%+8%+1%10.Vueling528+11%The

top

10

aircraft

operators

posted

a

decrease

in

the

num

ber

of

flights

(-1.7%

on

average)

compared

to

theprevious

week,

owing

to

a

general

reductionofcapacities.Biggest

decreases

were

on

flows

UK

?

Spain,

domestic

France,

France

?

Portugal

(easyJet),

France

?Morocco,

France

?Portugal,

France

?Algeria

(Air

France)

and

UK?

Ireland,

domestic

flows

in

Spain

and

Italy(Ryanair).Last

week,

five

airlines

within

the

top

10

had

flight

num

be

rs

above

2019

levels:

+48%

(Wizz

Air

Group),

+10%(RyanairGroup),

+8%

(Vueling),+3%

(Turkish

Airlines)

and

+0.5%

(KLMGroup).EUROCONTROLEuropeanAviationOverview/

8Market

segments

in

theEUROCONTROL

NetworkWeek

13-19

Nov

2023Major

market

s

egments

(Mainline

and

Low-Cos

t)

recorded

the

same

market

shares

in

2023

(year-to-date)

as

in

2019

(comparable

period).

Regional

and

Non-Scheduledmarket

shares

slightly

reduced

(-2

pp

and

-1pp,

respectively)whilethe

All-CargoandBusiness

Aviation

market

shares

slightly

expanded

(+1

pp

each).Compared

to

2022,

passenger

markets

recorded

growth

in

the

number

of

flights

operated:

Mainline

(+11%),

Low-cost

(+10%)

and

Regional

(+3%).On

the

other

hand,

Business

Aviation

and

All-cargo

(-

1%

and

-

6%

respectively)

are

now

recording

fewer

flights

in

2023

com

pared

to

2022

levels.

Over

the

week

13-19

November

2023,

the

Non-Scheduled

segmentrecorded

a

10%

decline,

mainly

owing

to

some

decreasesfrom

Turkishcharters

(cancellationsdue

to

weather

led

to

reduction

on

Turkish

domestic

routes).EUROCONTROLEuropeanAviationOverview/

9Top

25

global

aircraft

operators(averagedaily

departureflights)7-day

average

(Week

13-19Nov2022)7-day

average

(Week

13-19Nov2023)01,0002,0003,0004,00001,0002,0003,0004,000SouthwestAirlinesAmericanAirlinesDeltaAirLines3,7693,0832,9812,2412,1771,9571,5661,2061,1651,028990SouthwestAirlinesDeltaAirLinesAmericanAirlinesUnitedAirlinesRyanairGroup4,1263,1923,1832,4812,1912,0261,9081,4501,4171,3911,2201,1671,1191,0611,000959Over

the

lastweek:Eight

European

airlines

are

ranked

in

thetop

25

global

aircraft

operators

(sameairlines

in

2022).UnitedAirlinesRyanairGroupSkyWestAirlinesIndiGoSkyWestAirlinesIndiGoThe

firs

t

European

aircraft

operator

isRyanair

(ranked

5th)

–

the

same

rank

asa

year

ago.LATAM

GroupChinaEasternTurkish

AirlinesLufthansaAirlinesNetjetsAviation(Columbus,Oh)AirFranceGroupJetBlueChinaSouthernLATAM

GroupSeven

more

airlines

make

the

top

25:Turkish

Airlines

(11th),

Lufthansa

(12th),easyJet

(13th)

Air

France

(17th),

BritishAirways

(20th),

Wizz

Air

(21st)

and

KL

M(22nd).Turkish

AirlinesLufthansaAirlineseasyJetGroupAirChina970959easyJetGroup936RepublicAirwaysSpiritAirlines819NetjetsAviation(Columbus,Oh)JetBlue803FederalExpressBritishAirwaysGroupAlaskaAirlinesEnvoyAir728AirFranceGroupSpiritAirlines916705875669RepublicAirwaysBritishAirwaysGroupWizzAirGroupKLM

Group834640775AzulBrazilianAirlinesWizzAirGroupEndeavorAir631772626756Non-EuropeanEuropean608Envoy723KLM

Group604AlaskaAirlinesAzulBrazilianAirlines703JapanAirlines578674Source:Flightradar24

HistoricalGlobalUtilisation

dataEUROCONTROLEuropeanAviationOverview/

10Top

10

airportsAirport

rankingWeek

13-19

Nov

2023See

moreSome

changes

in

the

rankingcompared

to

the

previous

edition:Amsterdam

airport

has

moved(back)

to

the

3rd

position.

LondonGatwick

has

dropped

out

of

the

top10,

replaced

by

Zurich.No.

AirportAvg.

daily

dep/arr

flights%

prev

week-1%%

2022%

20191.2.3.4.5.6.7.8.9.iGA

Istanbul1,2971,2541,2271,1891,1811,071835

+5%+9%

+12%LondonHeathrowAmsterdam-1%

-2%-6%-7%-1%

+18%No

airport

recorded

growth

vs

theprevious

week.Paris

Charles

de

GaulleFrankfurt-2%

+6%+8%+5%All

airports

experienced

growth

vs2022,

ranging

from

+5%

(iGAIstanbul

and

Madrid)

to

+28%(Rome).-2%

-10%Madrid

BarajasBarcelona-0%

-5%+1%-1%

+14%+6%

+28%+8%Munich831-1%

-23%Only

tw

o

of

the

top

10

airports

(iGAIstanbul

and

Barcelona)

arecurrently

handling

traffic

abovetheir2019

levels.Rome

Fiumicino717-1%

-5%-6%10.

Zurich610-1%

EUROCONTROLEuropeanAviationOverview/

11Average

arr/dep

punctuality

at

main

airports(Week

13-19

Nov

2023)After

having

deteriorated

ove

r

theMarch-April

period

because

ofsignificant

en-route

ATFM

de

laysrelated

to

industrial

action

in

France,arrival

and

departure

punctuality

onlymarginally

improved

in

May

and

June.From

July

to

November,

arrival

andpunctuality

figures

deteriorated

againcompared

to

2019.Sincethe

beginning

of

the

year:?Arrival

punctuality

is

70.7%

in

2023,6.9

percentage

points

below

thesame

period

in

2019,?Departure

punctuality

is

64.9%

in2023,

7.2

percentage

points

be

low2019figure.Arrival

punctuality

is

higher

(i.e.

better)than

departure

punctuality

at

mostairports.However,a

fewairports

(Dublin,

Athens,iGA

Istanbul,

Liège,

Tel

Aviv

and

LondonHeathrow)

have

higher

departure

thanarrival

punctuality,

which

indicates

thatthese

airports

have

been

able

to

absorbdelays.EUROCONTROLEuropeanAviationOverview/

12Top

25

global

airport

departures(averagedaily

departureflights)7-day

average

(Week

13-19Nov2022)7-day

average

(Week

13-19Nov2023)05001,00005001,000AtlantaHartsfield(KATL)ChicagoO'Hare(KORD)Dallas

FortWorth(KDFW)Denver

(KDEN)1,044967886839762700692637628627616609588576572561561551547545536529524512511AtlantaHartsfield(KATL)Dallas

FortWorth(KDFW)ChicagoO'Hare(KORD)Denver

(KDEN)1,094988957928803775755680666651651644643638627614612597595593591580577573562Over

the

lastweekFive

Europeanairports

are

rankedin

thetop

25

of

global

airport

departures(similarairports,comparedto2022).LosAngeles(KLAX)LasVegas(KLAS)LosAngeles(KLAX)Charlotte(KCLT)Charlotte(KCLT)LasVegas(KLAS)The

highest

ranked

European

airport(10th)

is

iGA

Istanbul

Airport;

it

wasranked

11th

in

2022.Miami(KMIA)Phoenix(KPHX)Delhi(VIDP)Miami(KMIA)NewYorkJFK(KJFK)iGAIstanbul(LTFM)Phoenix(KPHX)iGAIstanbul(LTFM)TokyoHaneda(RJTT)Delhi(VIDP)The

other

European

airports

in

the

top25

are

London

Heathrow

(15th),Amsterdam

(17th),

Paris

CDG

(19th)andFrankfurt

(21st).TokyoHaneda(RJTT)LondonHeathrow(EGLL)Newark(KEWR)ShanghaiPudong

(ZSPD)NewYorkJFK(KJFK)LondonHeathrow(EGLL)Orlando(KMCO)ParisCharlesdeGaulle(LFPG)HoustonIntercontinental(KIAH)Seattle(KSEA)Amsterdam(EHAM)HoustonIntercontinental(KIAH)ParisCharlesdeGaulle(LFPG)Dubai(OMDB)Frankfurt(EDDF)Orlando(KMCO)NewYorkLaGuardia

(KLGA)Dubai(OMDB)Frankfurt(EDDF)Non-EuropeanEuropeanShenzhen

(ZGSZ)Amsterdam(EHAM)Boston(KBOS)Seattle(KSEA)Newark(KEWR)MexicoCity(MMMX)BeijingCapital(ZBAA)Source:Flightradar24

HistoricalGlobalUtilisation

dataEUROCONTROLEuropeanAviationOverview/

13Traffic

flows(averagedaily

departure/arrivalflightsfor

week

13-19

Nov

2023)The

maintraffic

flow

was

intra-European

with

18,766

daily

flights

last

week,

fewer

(-2%)

than

the

previous

week.Intercontinental

flows

resulted

in

5,052

daily

flights

on

average

last

week,

-2%

vs

the

previous

week.The

second-largestregional

flow

is

between

Europe

andMiddle-East:

1,160average

dailyflights

last

week

stable

compared

to

the

previous

week.The

third

flow

is

to/from

North-Atlantic,with1,098

dailyflights,recordingsimilarlevels

compared

to

the

previous

week.The

fourth

flow

is

to/from

North-Africa,with1,084

flights

per

day,

decreased

(-5%)

vs

the

previous

week’svalue.Flows

with

Other

Europe

(includingthe

Russian

Federation)

remain

massively

reduced

at

-70%

compared

to

2019.Flows

between

Europe

and

Asia/Pacific

have

now

largely

recovered

to

only

-

2%

compared

to

2019.

European

flows

with

China

(including

Hong

Kong)

were

at

233

daily

flights

last

week

(no

change

compared

to

thelastedition).EUROCONTROLEuropeanAviationOverview/

14Top

10

long-haul

country

pairs(averagedaily

departure/arrivalflightsfor

the

lastweek)Week

13-19

Nov

2023Seven

of

the

top

10

long-haul

countrypairs

are

with

the

United

States,

the

mainthree

being

between

the

US

and

the

UK,Germany

and

France.Thethree

remainingflows

within

the

top

10

are

pairs

betweenEurope

and

the

UnitedArabEmirates.Only

four

flows

posted

an

increase

vs

theprevious

week

(ranging

from

+0%

to

+5%).All

flows

posted

an

increase

on

the

sameweek

in

2022.Six

flows

a

re

currently

at

or

above

2019levels

(UK

?

US,

France

?

US,

Spain

?US,

Ireland

?

US,

Italy

?

UK

and

Rus

s

ia?

UAE;

this

last

flow

is

largely

inflated

bythe

Ukraine-Russia

war,

with

the

UAEacting

as

a

hubbing

alternative

to

Europe).EUROCONTROLEuropeanAviationOverview/

15EconomicsJet

fuel

price

(Europe)Week

13-19

Nov

2023$5$4$3$2$1$0Fuel

prices17

Nov2023avgfuelprice:7per.

Mov

Avg.(Fuel

prices)$2.98

/gallon3%vs.$2.88/gallonon03

Nov2023Source:

IATA/PlattsJan22Feb

22

Mar

22

Apr22

May

Jun22

Jul22

Aug

Sep22

Oct

Nov22Dec22Jan

23Feb

23

Mar

23

Apr23

May

Jun23

Jul23

Aug

Sep23

Oct23

Nov222222232323Source:IATA/PlattsThe

average

price

of

jet

fuel

was

at

2.98

USD/gallon

on

17

November

2023,

higher

(+3%)

than

in

the

last

Overview,

and

similar

to

the

beginning

of

2023.Based

ona

movingaverage

trend,fuel

prices

in

Europe

mainly

declined

between

June

2022

($4/gallon)

and

June

2023($2.20/gallon).After

June

2023,jet

fuel

prices

rose

when

Saudi

Arabia

(and

the

Russian

Federation)

started

to

cut

oil

production.However,since

September

a

slightdeclinehas

occurred.EUROCONTROLEuropeanAviationOverview/

16Price

change

per

month

(EU27)Top

40

European

airports:

passengersValues

compare

to

the

same

month

of

theprevious

yearNumber

of

passengersand

flights

permonth35%1401201008015001300110090013313329%12430%12011424%25%All(inflation)104Airticket

(deflated)20%17%

17%9315%15%11%19%15%10%5%13%8%13%13%

14%8%

8%807812%11%11%10%11%7%10%10%

10%10%

10%9%8%7006%6%

6%

6%6%0%5%9%604%1%6%1%500-1%0%-2%40300-5%-10%-7%-3%20100Jan

Feb

Mar

Apr

May

Jun

Jul22

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul23

Aug

Sep

Oct22

22

22

22

22

22

22

22

22

22

22

23

23

23

23

23

23

23

23

230-100JanFebMarAprMayJunJulAugSepOctNovDecSource:EUROSTAT2022TotalPassengers2022

Movements

(Pax&Combi)2023TotalPassengers2023Movements(Pax&Combi)The

latest

information

from

EUROSTATshowsthe

following:Based

on

ACI

passenger

data,

the

total

num

ber

of

passengers

and

corresponding

aircraft

movements

for

the

top

40ECAC

airports

show:In

October

2023,

all-prices

inflation

for

the

EU

27

increased

by

4%

.

A

year

ago,

they

were

posting

a12%

increase.124

million

passengers

were

recorded

in

September

2023,

corresponding

to

a

13%

growth

(vs

September

2022),while

corresponding

movements

increased

by

10%

over

the

same

period.In

October

2023,

ticket

prices

increased

for

the

EU27

by

1%

(excluding

inflation.

A

year

ago,

ticketprices

were

recording

a

17%

rate.On

a

year-to-date

basis,

these

airports

welcomed

979

million

passengers,

which

is

23%

higher

than

in

2022(same

period).EUROCONTROLEuropeanAviationOverview/

17Operating

profits

of

airlinesInM€,

comparing

the

third

quarter

in

2023

and

2022Q3

2022Q3

2023During

the

third

quarter

of

2023

(Q3),

and

comparedto

the

third

quarter

of

2022:2,2002,0001,8001,6001,4001,2001,000800As

for

the

firs

t

half

of

2023,

all

airlines/airlinegroups

in

this

top

11

managed

to

improve

theirresults

during

Q3

2023,

compared

to

the

sameperiod

last

year.1,9641,7451,705Amongst

the

highestprofits

during

Q3

2023:1,4681,459?Turkish

Airlines

recorded

the

highest1,342operating

profits

(1,964

M€)

in

the

sample,

byresponding

to

a

strong

summer

demandacross

all

its

network’s

routes.1,2761,2181,1241,024?IAG

group

posted

operating

profits

of1,745M€

owing

to

increased

demand

acrosstransatlantic

routes.

Ae

r

Lingus

reportedrecord

Premium

leisure

demand

on

its771562600transatlantic

network.Iberiareported443corporate

travel

back

to

pre-Covidlevels.400?Lufthansa

Group

recorded

1,468

M€

operatingprofits

owing

to

sustained

strong

demand

forleisure

travel

and

higher

capacity

across

all

itsairlines

with

Brussels

Airlines

in

particularposting

i

ts

most

profitable

quarter

ever

(72M€).29126326722118820014114189--99-200The

airlines

considered

in

this

sample

recorded10.3

Bn€

operating

profits

in

Q3

2023,

a

41%improvement

on

Q3

2022.AirFrance-

IAGGroup

Lufthansa