The latest Trans-Atlantic report is in for July, with some interesting results for the UK and the Continent.
Overall trans-Atlantic traffic was down in July, with the leading carriers reporting an average decrease of 1.3 percent. That extended the current period of little or negative growth into a fourth month, which several airlines have blamed on high taxes and fuel prices. The carriers reduced capacity by an average 1.7 percent and maintained a high average load factor of 88.9.
Lufthansa reported a profit of $270 million for the second quarter on revenue of $9.7 billion (+6.0 percent), but this was down 24 percent from last year’s $371 million profit. For the first six months, Lufthansa is still $270 million in the red thanks to a difficult first quarter. The long-ailing Austrian Airlines subsidiary turned in an operating profit for the second quarter.
Of the six leading trans-Atlantic carriers, only Star Alliance partners United and Lufthansa reported profits for the second quarter. Air France/KLM, Delta and American reported losses last month.
Read more: Report: Europe Travel Down for July; Airlines Struggle; UK Wins | Travel Agent Central
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