United Kingdom
United States
Asia Pacific
Global air passenger traffic seen at pre-pandemic levels within six months
Tuesday, 16 Jan, 2023
0
Global air passenger traffic will reach pre-pandemic levels by June, says aircraft leasing company Avolon.
Asia, led by China, will drive growth in 2023.
One in every two seats of airline capacity now added is in Asia, according to Avolon’s 2023 Outlook.
A profit of $4.7bn is forecast for 2023 as pre-pandemic levels are reached by the middle of the year.
Although capacity is 25% below 2019 levels, revenues are just 13% lower.
“Reopening of the world’s second largest aviation market China will drive a rapid uptick in air passenger traffic,” says Avolon CEO Andy Cronin.
“Airlines are enjoying higher fares and load factors.”
“Challenges include limited aircraft availability and the need to make further progress on decarbonisation.”
Related News Stories:
Ray Monty
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
The Northern Lights in Fairbanks