Condor demand drops 10% on European geopolitical climate

Leisure carrier Condor has been hit by shrinking demand, especially on flights to holiday destinations, related to recent terrorist attacks in Europe. “In total, demand on our leisure flights this year [has] dropped by 10%,” chairman and CE Ralf Teckentrup said. Continued weak customer demand from Germany to Turkey resulted in a bookings drop of 40%. “You can expect the same [figure] for Egypt. The Tunisian leisure market [has] disappeared completely,” Teckentrup said. Condor has shifted capacity to other Mediterranean destinations such as Palma de Mallorca and the Canary Islands. But other carriers do the same and there is overcapacity in the Spanish market. Increased pricing pressure due to intense competition in the short- and medium-haul market resulted in depressed fares, leading to lower yields. <br/>