European flight growth continued to slow down and went up by just 1.0% in May to stand at the low end of the forecast. Preliminary data for June show an increase of 1.3% in flights on June 2018.
IATA anticipates European airlines to post profit for 2019 of €7.2 billion down from €8.3 billion in 2018. Globally, airlines will record their lowest profits since 2014 owing to rising fuel costs and a weakening of world trade.
EU carbon prices were stable at €25 per tonne on average in June. For the first half of 2019 they averaged €24 per tonne compared with €12 for the same period in 2018.
Airline ticket prices decreased by 0.6% in May 2019.
Oil prices fell sharply and averaged €55 per barrel in June from €63 in May. For the first half of 2019 oil prices were €58 per barrel on average, unchanged from a year-ago period.