IATA has published (July 28, 2020) an update on the overall passenger forecast, which appears to have not been expected. Traffic in June 2020 (RPK) was reduced by 86.5% year-on-year, which is only a “slight” improvement in the 91.0% contraction in May 2020. This is due to the upcoming demand in domestic markets, i.e. in China. The June 2020 rate set a fund for the month at 57.6%. The most pessimistic recovery outlok is based on recent trends:
As a result of these factors, revised IATA baseline forecast forecasts for 55% are minimized in global approaches by 2020 compared directly to 201 nine (the April 2020 forecast for 46% minimisation). The number of passengers is expected to remain the 20% best friend by 2021 compared to the depressed base of 2020, but will still be less than 30% compared to 201%. A full return pass to 201 degrees is never expected until 2023, a year later than expected. As domestic markets open before foreign markets and passengers appear to prefer short haul in the supply environment, KRPs will react more slowly, and passenger traffic is expected to return to 201-degrees nine in 2024, a year later than expected. [more – original PR]
IATA has published (July 28, 2020) an update on the overall passenger forecast, which appears to have not been expected. Traffic in June 2020 (RPK) was reduced by 86.5% year-on-year, which is only a “slight” improvement in the 91.0% contraction in May 2020. This is due to the upcoming demand in domestic markets, i.e. in China. The June 2020 rate set a fund for the month at 57.6%. The most pessimistic recovery outlok is based on recent trends:
As a result of these factors, revised IATA baseline forecast forecasts for 55% are minimized in global approaches by 2020 compared directly to 201 nine (the April 2020 forecast for 46% minimisation). The number of passengers is expected to remain the 20% best friend by 2021 compared to the depressed base of 2020, but will still be less than 30% compared to 201%. A full return pass to 201 degrees is never expected until 2023, a year later than expected. As domestic markets open before foreign markets and passengers appear to prefer short haul in the supply environment, KRPs will react more slowly, and passenger traffic is expected to return to 201-degrees nine in 2024, a year later than expected. [more – original PR]