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Today we are going to review some data on how the recovery of the airline industry Worldwide, where we can highlight Latin America as the most dynamic market.
Days ago the OAG portal, leader in statistical analysis of the airline industry, held a very interesting webinar where the objective was to show the recovery of the industry, but focused on whether more passengers flying, also means, more revenue for airlines.
A very interesting topic that motivated me to prepare these lines with the most important data that I got from this presentation., where positively, Latin America stands out in recovery, despite the economic and social difficulties of our countries.
Air recovery advances, but is it profitable?
This was the axis of the webinar, determine if progress is being made in recovery, but if this process is leaving money or the airlines continue to lose money.
Day after day we can see news about X airline making its financial reports public, where some cases show gains, even record, but is this the case for all or at least for the main groups?
We are going to review some very interesting data:
As we can see in the yellow line, the seating capacity offered is very close to what was the 2019, but the air situation in China, which is still very volatile, It is affecting that it approaches the pre-pandemic digits sooner.
- Latin America is the only region that continues to grow in recovery over the 2019.
- North America and the Middle East are approaching the 2019.
- Asia Pacific has stayed, but keep moving forward.
Is it profitable for airlines?
There are fewer passengers than the 2019 flying, but this dictates in logic that there should be lower profits for the airlines, but in general it is not like that and even, these are seeing higher revenue than the pre-virus year.
Not all markets are behaving the same, but mostly, despite seeing fewer passengers on their planes, airlines are seeing their revenues increase, also because the rates are higher than the 2019:
only in Japan airlines have not increased the average fare when compared to the pre-pandemic, but the rest of the markets have done so up to a 36% plus.
- Between North America and Europe there is a 17% less traffic, But profits have grown 10%.
- In the United States the demand is a 6% under, but the earnings a 21% above.
- A high demand, allows airlines to maintain higher fares.
- This increase is also due to extra charges for fuel.
There are still many challenges for the airline industry such as the price of fuel, devaluation of local currencies against the dollar, global economic situation and possible new restrictions before u
at current rate, is expected for him 2023 that most markets are equal or above the 2019, at least one year earlier than initially estimated by THERE IT IS and other civil aviation organizations.
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