The temporary advantage that Asian airlines gained on flights to Europe appears to be fading as Gulf carriers gradually resume their routes and aggressively re-enter the market with more competitive fares, a development that is once again changing the balance of air connections between Asia and Europe.
In recent months, as escalating geopolitical tensions and airspace restrictions in the Middle East have disrupted flights, many passengers have turned to Asian airlines for their trips to Europe. As a result, carriers such as Singapore Airlines, Cathay Pacific, Korean Air and ANA have seen increased occupancy and higher demand on their European routes.
However, the picture is changing as Emirates, Qatar Airways and Etihad almost fully restore their flight schedules. With more flights available and lower ticket prices, Gulf airlines are gradually regaining passengers who had turned to alternative options during the crisis, limiting the profits that Asian carriers had made.
Analysts say the shift in market balance is happening gradually, as long-haul bookings are made several months in advance, while Gulf airlines are increasingly resuming routes, reclaiming the share they temporarily lost on flights to Europe.
However, the landscape remains marked by intense uncertainty. While some restrictions have been lifted and some flights have resumed, the situation in the Middle East remains particularly fragile, as regional conflicts continue and balances are tested daily. This means that airlines continue to adjust their planning accordingly.
This article first appeared in Greek, in the most recent edition of Hermes Airports' online newsletter, Flight Mode. Click here to view it.
