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COVID�19 HAS A PROFOUND IMPACT ON

OUR FORECAST PROFILE IN THE NEAR�TERM


WITH A SHARP FALL IN 2020 AND
STRONG RECOVERY IN 2021 AND 2022. 2019-2039
There remains considerable uncertainty surrounding the CURRENT TRENDS
near-term impact of the pandemic on air travel demand.

Growth and change in passenger Country pairs with the biggest


journeys by region changes in passenger numbers
(% 2019-2039)
Our scenario analysis International country pairs only
indicates that global air
passenger growth Country pair Annual % growth
North America could plausibly be in
2.2% the range of 3.2% China - Thailand 6.2%
and 5.3% over the
next 20 years.
India - UAE 8.1%

Asia Pacific China - Japan 5.0%


Latin America 5.0%
3.4%
Domestic Markets
Country pair Annual % growth
Middle East
Africa
4.4% Within China 5.3%
4.4%
Europe
2.2% Within India 7.2%
Source: IATA/Tourism Economics
Air Passenger Forecasts, May 2020 Within US 2.0%

Source: IATA/Tourism Economics


Air Passenger Forecasts, May 2020

3.7% 2.1x
annual average growth in global air number of air passenger
passenger journeys over the next journeys in 2039
20 years. compared with today

SHORT -TERM LONG -TERM


SCENARIO ANALYSIS SCENARIO ANALYSIS
The short-term scenario is based on a slower than The ‘Return to globalization’ scenario constructs a set
expected recovery in economic activity from the virus.
1 of consistent alternative assumptions regarding
government trade and air transport policies.
As a starting point, the pandemic is assumed to be worse
n ngers e per

2.8itiobnal pas9stehan innathrio.


(i.e. of longer duration) than that anticipated in the base
case. The ‘Climate sentiment intensifies’ scenario is based
add by 203 s sce around a widening and deepening of recent
The Asia Pacific and Africa&Middle East regions are r d developments in Northern Europe, where consumers
yea nt tren
expected to recover more quickly than the more
2
e have reduced air travel and governments have
curr
mature air transport markets of North America and r introduced carbon taxes on air travel.
Europe. ea t
ry
b n rs pe urren

0.7
ge the c
en
Short-term downside scenario, 2019 -2025 p ass an in . Scenario results
er th rio
few 2039 cena Passengers (billion, O-D basis)
160 by nds s 11
Index, 2019=100
tre Climate sentiment intensifies scenario
Return to globalization scenario
Current trends scenario 8.0bn
100

3.9bn

0 0
Africa &
World Asia Pacific Europe Americas 2019 2039
Middle East

Source: IATA/Tourism Economics


Air Passenger Forecasts, May 2020
Learn more what's inside the IATA 20-year Air Passenger Forecast
www.iata.org/pax-forecast

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