Financial TimesFinancial Times

Travel boom helps European airlines defy economic gloom

By Arjun Neil Alim, Philip Georgiadis, Harriet Agnew

19 Apr 2023 · 4 min read

Despite rising inflation, layoffs and other economic struggles, European airlines are seeing bookings reminiscent of the pre-pandemic era. Financial Times analyzes this business discrepancy.

Curated by informed

After three years of shocks including the global pandemic and soaring fuel prices following Russia’s invasion of Ukraine, airline bosses are facing a more welcome puzzle: why is demand booming even as concerns mount over a deepening economic downturn?

The UK’s easyJet on Tuesday became the latest carrier to predict a strong summer as it raised its earnings forecasts for a second time this year, boasting not only strong sales but also a willingness among passengers to pay high prices.

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