Increased Business Travel Signals an Economic Recovery in Europe
London Airport is a small hub, but the closest to downtown London. Ewan Munro / Flickr
Air traffic at UK airports is quickly rebounding to pre-recession levels while its peers in comparable cities still struggle. A pick up in London; however, could be the first sign that business travel will continue to rise.
Excerpt from Wall Street Journal
Amid signs of a slow economic recovery in much of Europe, there is one unofficial indicator that’s flying high.
At London City Airport—a small airport in the center of the British capital that caters to Europe’s bankers and businessmen—traffic volumes are up to levels last seen in 2008, just before the global and economic crisis.
The airport, which gets two-thirds of its traffic from business travelers, said it is on track for a record-breaking year, topping the 3.3 million passengers it carried in 2008.