European air passenger growth set to slow in 2018 after bumper 2017
Passengers numbers at Europe's airports grew at the fastest pace in 13 years during 2017, but growth looks set to slow with rising oil prices, airline consolidation and Britain's exit from the EU all presenting challenges this year. Passenger traffic across Europe rose 8.5% in 2017, airport association ACI Europe said Tuesday, the fastest level since 2004, when traffic was boosted by the accession of 10 new countries to the EU. "This might be as good as it gets and while we anticipate continued growth in the coming months, it will most certainly come at a slower pace," ACI Europe head Olivier Jankovec said. ACI Europe said that passenger growth had slowed at the end of last year - to 5% in December - due to the insolvencies of carriers Air Berlin and Monarch, plus Ryanair's decision to slow growth. <br/>
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European air passenger growth set to slow in 2018 after bumper 2017
Passengers numbers at Europe's airports grew at the fastest pace in 13 years during 2017, but growth looks set to slow with rising oil prices, airline consolidation and Britain's exit from the EU all presenting challenges this year. Passenger traffic across Europe rose 8.5% in 2017, airport association ACI Europe said Tuesday, the fastest level since 2004, when traffic was boosted by the accession of 10 new countries to the EU. "This might be as good as it gets and while we anticipate continued growth in the coming months, it will most certainly come at a slower pace," ACI Europe head Olivier Jankovec said. ACI Europe said that passenger growth had slowed at the end of last year - to 5% in December - due to the insolvencies of carriers Air Berlin and Monarch, plus Ryanair's decision to slow growth. <br/>
