Moody's: European airlines' profitability to drop in 2017 as capacity outpaces demand
London, 01 March 2017-- Moody's Investors Service expects European airlines' operating profitability to decline in 2017 as a widening supply/demand gap pushes yields lower, says the rating agency in a report published today. "With recent terrorist attacks in Europe and a stronger dollar, growth in passenger demand for air travel is slowing at the same time low-cost airlines are significantly ramping up capacity," says Sven Reinke, Vice President-- Senior Credit Officer at Moody's.
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