IATA February 2020 passenger demand data highlights COVID-19 impact
Global passenger demand fell by 14.1 per cent in February 2020, according to IATA analysis, as the COVID-19 began to severely impact Asia-Pacific markets.
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Global passenger demand fell by 14.1 per cent in February 2020, according to IATA analysis, as the COVID-19 began to severely impact Asia-Pacific markets.
As a result of travel restrictions and border controls, the COVID-19 pandemic has been estimated to eradicate 38.1 per cent of passenger traffic in 2020.
ACI World's latest data has shown the rapid effect the COVID-19 crisis has had on the aviation industry and it's now calling on governments to ensure solutions to this are fair and reasonable.
IATA now estimates that industry passenger revenues could plummet by $252 billion; 44 per cent below 2019’s figure.
The CEO of AOA has warned that UK airports may be forced to shut down within weeks due to COVID-19 if the UK government doesn't provide immediate support.
ACI World estimates a loss of revenues of at least $4.3 billion following the COVID-19 outbreak, with the Asia-Pacific region and Europe suffering most.
Despite forecasts predicting $12.4 billion in revenue for Q1 in the Asia-Pacific region, the outbreak of COVID-19 is expected to cause a loss of $3 billion.
Following original analysis published in February 2020, IATA has released updated figures suggesting an economic impact between $63 and $113 billion in revenue losses.
Kam Jandu, Chief Commercial Officer at Budapest Airport, evaluates the commercial decisions that have occurred at the airport, regarding passenger experience and revenues.
Following an initial assessment of the impact of COVID-19, there will be a global revenue loss within the aviation industry of $27.8 billion by the end of 2020.
Philadelphia Airport has received two grants to rehabilitate platforms and canopies at its four stops on SEPTA’s Airport Line.
Merchant Aviation has won a series of new contracts across the U.S. including the $340 million investment in the JFK development.
Dutch airline KLM, is changing the way in which we travel intercontinentally, reducing the number of flights with replacement train travel.
Dublin Airport has seen continued growth from 2018, with 3.4 million passengers passing through the terminal, compared to 3.3 million in July 2018.
Heathrow Airport's busiest day ever is a strong example of the need to expand if the airport is to continue hosting the exponential growth of passengers.