European Airline Sector US-Iran Escalation Risks Further Capacity Cuts ab 21 July 2026 Global Research Middle East capacity continues to moderate The current weekly analysis showed a decline in the capacity for Europe to the Middle East. July schedules from the Middle East continued to show negative growth of - 6.7% vs -6.4% last week and August showed further deterioration of -5.2% (prev: - 4.7%). We expect a further decline over the coming weeks due to increased hostilities in the Middle East. However, 4Q ...