Global airline capacity has held strong this week at 85.7 million, slightly up on last week despite the challenges of lockdowns being faced in China.
Reductions in capacity, especially in Western Europe, and strong demand will inevitably lead to even higher airfares and perhaps margins for the airlines which after two years will be a welcome development. At the moment July's capacity is standing at 93% of 2019 levels and although it will inevitably fall back it should be around 85% of where we were three years ago.
Only two of the top twenty country markets are now operating with less capacity than this time last year, China which we have discussed before, and Russia where despite some major airlines still operating international services capacity is down 14% or around 250,000 seats a week.
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