However, the political instability and uncertainty it has created in the UK and beyond is already hurting business confidence and might end up doing the same for consumer confidence – this could affect demand for air transport later in the year. Olivier Jankovec More Quotes by Olivier Jankovec More Quotes From Olivier Jankovec The trend of decreasing freight traffic is hard to ignore. It reflects weakening economic data and contraction forces at play, not just in Europe but around the world. These will ultimately translate into lower passenger demand, adding to that, volatile oil prices, labour cost pressures and more consolidation should also lead airlines to be more cautious with capacity expansion. So pressures on passenger traffic are likely to come both from the demand and supply sides in 2019. Olivier Jankovec company-news Some of the leisure demand is shifting towards the EU market – contributing to boosting EU passenger traffic performance for airports in Portugal, Spain and Cyprus in particular. Olivier Jankovec industrials The immediate impact would be unprecedented levels of congestion and flight disruptions, with potential spillover effects across the entire European airport network. Olivier Jankovec world A level playing field is a misleading concept. The playing field will always be unlevel, for example, depending on the airline or airport's geographic position. Olivier Jankovec company-news
