European flights increased by 1.3% in April 2019 compared with April 2018 and were at the low end of the forecast. The year-to-date growth (January to April) currently stands at 2.1%. Preliminary data for May 2019 show an increase of 1.0% in flights on May 2018.
Major European airlines reported losses from operations during 1Q2019 resulting from volatile oil prices, foreign exchange headwinds, the B737 MAX grounding and the timing of Easter.
Airline ticket prices were up 5.6% in April 2019, an increase partly due to the shift of Easter.
EU carbon prices averaged €25/tonne in May 2019 compared with €15/tonne in May 2018 and were five times more expensive than in May 2017.
Oil prices averaged €64 per barrel in May 2019 and were stable compared with April.