Irish low-cost airline announced the second wave of the fall of tourist flow to Europe

A tourist at the Eiffel tower in Paris

Sales of tickets in European countries fell again after the crash of the A320 EgyptAir, 19 may EN route from Paris to Cairo, told the Wall Street Journal, Michael O’leary, CEO of Europe’s largest budget airline Ryanair Holdings PLC. The previous decline occurred after 31 October 2015, the Russian aircraft A321 crashed over the Sinai Peninsula (Russia and Egypt acknowledged that it was a terrorist attack). Since then, the Russian and British airlines have suspended flights to Egypt.

British travel company Thomas Cook Group PLC lowered its expectations for annual profit due to the fact that the number of orders for the summer season declined by 5% compared to last year. Representatives of the tour operator explained that the fear of foreigners before the threat of another terrorist attacks in Europe, reports the WSJ.

German tour operator TUI Group is, on the contrary, expects that this year the tickets will increase by 1%. The company said that the growth rate could be higher if not for the terrorist attacks in Turkey, another popular tourist direction.

The statement by the Director of Ryanair followed the publication on Monday of a report by the Irish company for the financial year 2015-16 (ending March 31). The net profit of the airline during this period increased by 43% to €1.24 billion, passenger turnover — by 18% to 106 million people, and the aircraft load factor increased from 88% to 93%. The average ticket price at the same time slightly decreased and amounted to about €46. During the year, the airline has opened more than 100 new routes.

At the same time, the company said that the results would have been even better if after the terrorist attacks in Brussels in late March, she had to cancel more than 500 flights.

A sharp reduction in demand for flights in the European direction was observed at the end of last year after a series of terrorist attacks in Paris. This year the drop in demand occurred after the terrorist attacks in Brussels. According to Forward Keys, from mid-April to end of August 2016, compared to the same period last year, sales of tickets in Brussels fell by 24%, in Istanbul — by 36%. The General decline in demand for travel to Europe, according to the company, is 5%.

Consulting company Allianz Global Assistance, finds that Americans are not inclined to refuse tourist trips to Europe, although many did not take tours in the city, which has become the target of terrorist attacks. If before Paris was the second most popular destination among American tourists, but this year the share of tickets sold in Paris accounts for only 0.6% of the total number of tickets purchased by US citizens. The average demand for travel to European countries increased by 9% compared to the previous year.

Forward Keys notes that the Chinese, in contrast, were more likely to refuse to travel to Europe. This year it is expected to reduce the flow of Chinese tourists by 5.4%.

Among Russian tourists the most popular destinations tours prior to the ban were Turkey and Egypt. According to the Executive Director of the Association of tour operators of Russia (ATOR) Maya Lomidze, the most popular foreign tourist destinations among Russians in may of this year were Greece, Tunisia, Vietnam, Bulgaria and the UAE.