The projections are significant to many countries now planning their COVID-19 recovery scenarios, given the importance of tourism, global supply chains, and many other air connectivity factors to local socio-economic prosperity.
MONTREAL – ICAO issued its first complete 2020 air passenger forecast, revealing that airlines may be faced with 1.5 billion fewer international air travellers this year.
In parallel, international seat capacity could drop by almost three-quarters, resulting in a 273 billion dollar loss compared to previously expected gross operating revenues.
“In today’s updated analysis, the analytical timeframe was extended for another three months to December 2020, and more reliable air fare data was used to calculate revenue reduction,” advised ICAO Secretary General Dr. Fang Liu.
ICAO has been providing regularly updated analyses on the economic impact of COVID-19 on air transport since early February 2020, and is providing continuous guidance to air transport planners, regulators, and operators.
The projections are significant to many countries now planning their COVID-19 recovery scenarios, given the importance of tourism, global supply chains, and many other air connectivity factors to local socio-economic prosperity.
Tatiana is the news coordinator for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). Her role includes monitoring the hundreds of news sources of TravelDailyNews Media Network and skimming the most important according to our strategy.
She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
