Impact of covid19 on Global Airlines
COVID-19 pandemic has had a profound and far-reaching impact on the global airline industry. The decline in passenger volume, aircraft movements, and revenues has had a significant impact on the financial performance of airlines, leading to a number of cost-cutting measures and cash preservation measures.
One of the most significant impacts of the COVID-19 pandemic on the global airline industry has been a decline in passenger volume. The imposition of travel restrictions and quarantine measures has resulted in a significant reduction in demand for air travel. IATA predicted severe impact of Covid on global passenger volume.
This decline in passenger volume has had a significant impact on the revenue of airlines, with many reporting significant losses. Additionally, the decline in passenger volume has also led to a reduction in capacity, with many airlines grounding aircraft and reducing flights in response to the decline in demand.
Tracking Airline Recovery – From Covid19
Quick Snapshot
- During Week 47, global Airline capacity remained around 89.98M seats.
- This is 18% more than were available in this week last year but still 16% below where it was in the same week in 2019
- Different trajectories in recovery for the domestic and international markets
- Domestic airline capacity is at 58.26M seats, up 0.3% from week 46, but 11.4% down on the same week in 2019.
- Global international capacity is at Global international capacity is at 31.72 million seats
Exhibit 1: During Week 47, global Airline capacity remained around 89.98M seats
Exhibit 2
Exhibit 3: International Seats
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