IATA lowers its air transport forecast for the end of the year

✈️ Exclusive Benefits for Readers

Verified codes to save on your next trip.

THERE IT IS New forecast adjusts even further downwards how global air transport will develop until the end of the year.

Although it was to be expected and in fact every time there is a new statement from the International Air Transport Association (THERE IT IS) regarding its statistics for the industry, These are more discouraging and this is shown in its most recent forecast, where he lowered what he expects to happen with traffic until the end of 2020 to reflect a weaker than expected recovery, as evidenced by the sad end to the summer travel season in the northern hemisphere.

IATA now expects year-round traffic 2020 decrease a 66% in comparison with 2019. The previous estimate was for a decrease in 63%.

According to flight data, The recovery of air passenger services was halted in mid-August by the return of government restrictions in the face of new COVID-19 outbreaks in several key markets..

International passenger markets

International passenger demand in August plummeted 88,3% compared to August 2019, a slight improvement with respect to the decrease in 91,8% registered in July. Capacity sank 79,5% and the load factor fell 37,0 percentage points up to 48,7%.

• August traffic Asia-Pacific airlines sank a 95,9% compared to the same period of the previous year, He barely moved from a fall 96,2% in July and is the sharpest contraction among the regions. Capacity plummeted 90,4% and the load factor decreased 48,0 percentage points to 34,8%.
• The demand for the european airlines In August a 79,9% compared to last year, improved from a fall of 87,0% in July, since travel restrictions in the Schengen area were removed. Nevertheless, More recent flight data suggests this trend has reversed amid a return to lockdown and quarantine in some markets. capacity fell by 68,7% and the load factor decreased by 32,1 percentage points up to 57,1%, which was the highest among the regions.
• The airlines of middle East had a drop in demand 92,3% in August, compared to a drop in 93,3% in July. Capacity collapsed 81,9% and the load factor dropped 47,1 percentage points to 35,3%.
• The traffic of North American airlines fell a 92,4% in August, with little change compared to the fall of the 94,4% in July. capacity fell by 82,6% and the load factor plummeted 49,9 percentage points up to 38,5%.
• The Latin American airlines recorded a drop in demand 93,4% in August compared to the same month last year, facing a fall of 94,9% in July. Capacity collapsed 90,1% and the load factor fell 27,8 percentage points to 56,1%, second highest among regions.
• The traffic of african airlines sank a 90,1% in August, slightly improved compared to a decrease in 94,6% in July. Capacity shrank 78,4% and the load factor fell 41,0 percentage points to 34,6%, which was the lowest among the regions.

We will continue to report on the recovery of the airline industry.

✈️ Exclusive Benefits for Readers

Search here for hotels ALL over the world at the best price.