1 product
IATA: "GLOBAL OUTLOOK FOR AIR TRANSPORT 2023".
Regular price $10.00Digital Report - immediate delivery to your email.
Date of Publishing: December 2022.
No. of Pages: 22.
Air transport makes an important contribution to global economic development. The wider economic benefits of the industry reflect a combination of the rise in connectivity between countries and cities – enabling the flow of goods, people, capital, technology, and ideas – as well as the long-term trend decline in real air transport costs which underpins these flows. The impact of Covid-19 saw an abrupt and massive decline in connectivity in 2020, with the number of unique city pairs falling by 30% or more than 6,500 routes. The recovery since that time has been more subdued, as travel restrictions have gradually been removed and routes re-opened around the world. To date, domestic air connectivity has recovered to around 89% of its pre-COVID level and international connectivity is currently at around 68% of the level of 2019. The gap between the two is closing, reflecting the broader re-opening of international routes over the course of this year. Despite the observed recovery in the number of city pair routes, it is important to note that at least initially, the frequency on those routes is unlikely to be immediately restored to pre-pandemic levels. In other words, the return of capacity will lag the recovery in the absolute number of city-pair connections.
_____________________________________________________________________________________________
Contents:
1. The Big Picture.
2. Significant headwinds.
3. Oil.
4. Inflation.
5. Central banks.
6. The strength of the US dollar.
7. Recent Trends in Air Transport.
8. The Outlook for Air Transport.
9. Industry Financial Performance.
10. Underlying assumptions.
11. Consumers.
12. The wider economy.
13. Capital providers.
14. Labor.
15. Fuel.
_____________________________________________________________________________________________
16. Regions.
17. Risks.