Global Capacity Contraction Hits Peak Summer Travel Season
The global aviation industry is experiencing a significant capacity contraction due to surging aviation fuel costs, with airlines entering ‘self-preservation mode’ ahead of the peak summer travel season. According to data from Cirium, global capacity in May has been cut by approximately three percentage points, with US carriers being hit the hardest. This was first reported by wallstreetcn.
Global Capacity Contraction Hits Peak Summer Travel Season
The global aviation industry is experiencing a significant capacity contraction due to surging aviation fuel costs, with airlines entering ‘self-preservation mode’ ahead of the peak summer travel season. According to data from Cirium, global capacity in May has been cut by approximately three percentage points, with US carriers being hit the hardest. This was first reported by wallstreetcn.