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

Editor's Note

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.

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.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content