The demise of Europe’s air-travel rebound and a fresh warning on jobs from Airbus SE are adding to evidence that the region’s aviation industry is in for a tough winter.
A rise in European air traffic that built up over July and August has abruptly shifted into reverse, the body that oversees the region’s skies said on Monday. The head of planemaker Airbus said separately that voluntary staff departures probably won’t be enough to cope with the deepening crisis.
The tally of flights this year will be about 6 million, or 55% below 2019’s level, Brussels-based air-traffic-management agency Eurocontrol said Monday. That represents a 1 million-trip reduction from its April forecast. Airbus Chief Executive Officer Guillaume Faury said mandatory job cuts are now on the cards as the Toulouse, France-based company hunkers down for a “deep and long downturn.”
A hoped-for surge in late summer traffic