FLIGHT DATA: Flight count in Europe rises to 64.5% of 2019 levels
Quantum Commodity Intelligence - Flight numbers increased in Europe again last week to further close the gap on pre-pandemic levels, data from Eurocontrol showed Monday.
Flights in 41 countries, ranging from Iceland to Morocco, Turkey and Ukraine, were up 4,222 over the week to July 19, extending a summer rally that has doubled the flight count since early May.
Around 159,500 commercial flights were flown last week, up from around 77,000 in the week to May 2.
The increase closed the gap on pre-pandemic levels, with the number of flights climbing to 64.5% of the figure for the same week 2019, up from 62.7% a week earlier.
Flight numbers were still only around 35% of 2019 levels at the start of May when demand for flying was much lower.
Prices for jet differential cargoes in northwest Europe versus front-month Low Sulfur Gasoil futures have risen in July, but the nearby jet curve remains in mild contango and stock levels in ARA are high.
The northwest Europe jet cargo differential was assessed at $25.50/mt versus front-month Low Sulfur Gasoil futures on Friday, up from $20.25/mt on July 1, Quantum data shows.