Digital Week talks: outlook for travel demand
International air travel was hit hard across different destinations worldwide, and would scarcely get back to pre-pandemic levels earlier than 2024, according to IATA’s revised forecast. With the majority of international markets still closed, the domestic market seems to be the only sector to have seen any improvement.
The domestic flying was expecting a more rapid recovery, regaining the pre-crisis levels by 2022 rather than 2024, observes David Goodger, Managing Director Europe and Middle East of Oxford Economics, speaking at AIR Convention Digital Week on June 15th-19th, 2020.
Amid the lingering economic uncertainty, domestic air travel was becoming a larger source of demand as a substitute for international travel, creating a clear opportunity to mitigate some of the losses for certain countries, said David Goodger.
For a detailed outlook and more insights from David Goodger, see the full presentation:
8 tips for helping aviation workers to survive the crisis
Furloughs, job cuts and pay cuts became a normality, as the aviation industry got ravaged by its worst crisis yet. From...
Etihad Airways: COVID-19 vaccine won’t solve crisis
It is tempting to think about the current crisis as something that one day will be gone, or at least can be gone if we t...
From cinemas to morgues: airports seek new purpose
Before the COVID-19 crisis, the airport industry’s contributing GDP to the world economy was estimated at around $...