average of 83.6% of available seats in 2025 year-to-date (January-November), reflecting strong growth in demand, Load factors have exceeded 2024 in 6 out of 11 months so far, possibly indicating a need for airlines to add more with lower aviation taxes and airport charges. Ryanair is cutting routes in high-cost markets and moving capacity provide a welcome boost in demand by offering more routes and competitive fares in Europe. International passenger load factor, Europe The latest data from Eurocontrol indicates that European flight volumes grew 3.9% in the three-month period from stronger growth in flight volumes than the regional average over the last three months. Air travel in Romania is growing at a strong pace. In the latest three months, traffic was 13.8% higher than the same period in 2024. A key driver is the expansion of low-cost airline Wizz Air in Romania. The outlook is