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In Asia the recovery is being strongly led by the central region
An analysis of the 2023 and 2019 H1 seat availability and passenger (pax) volumes shows that Central Asian countries are leading the recovery in Asia
- Chart of the Week
Strong global labor market is both good and bad for airlines
World Bank data show that global unemployment rates (solid lines on the chart above) have been decreasing steadily since the spike that accompanied the Covid-19 crisis and are now below their pre-pandemic levels.
- Chart of the Week
A renewed rise in the jet crack spread adds to cost pressure
Since May, oil and jet fuel prices have been trending higher. Combined with additional price volatility from March 2022, this development creates renewed challenges for airlines’ financial recovery.
- Chart of the Week
Cargo traffic maintains recovery trend amid challenges
After an outstanding performance in 2021, air cargo demand faced consecutive year-on-year (YoY) declines in 2022, a trend that persisted until July 2023. However, August marked a turning point with the first annual growth since February 2022
- Chart of the Week
Air Passenger Market Analysis - August 2023
Passenger traffic growth continued in August
- Air Passenger Monthly Analysis
Air Cargo Market Analysis - August 2023
Air cargo recorded first annual growth since Feb 2022
- Air Freight Monthly Analysis
Broad passenger growth across markets in Q2 2023
In Q2 2023, global origin-destination (O-D) passenger traffic grew 28.9% compared to Q2 2022 levels, totaling 954 million passengers. This brought global passenger traffic close to pre-pandemic levels, just 3.5% below Q2 2019.
- Chart of the Week
Airlines operate key hubs for growth and connectivity
Airlines efficiently connect passengers across cities using strategic hub-and-spoke systems, consolidating and directing travelers through central hub airports. This approach enables airlines to resourcefully transport an increasing number of passengers to various destinations while benefiting from economies of scale and traffic density. Today’s chart highlights the pivotal airports through which airlines facilitate passenger flows between global markets, driving strong traffic recovery and connectivity growth.
- Chart of the Week
July sets all-time high for domestic passenger traffic
Domestic air travel has been a driving force in the recovery of global passenger demand since the onset of the pandemic, mainly due to the early reopening of domestic markets.
- Chart of the Week
Balancing fleet age for efficiency and sustainable growth
Airlines modernize their fleets in a structural quest for lower fuel consumption and the associated carbon emissions reduction. Additionally, fleets are optimized to meet global passenger demand while capturing operational efficiency gains. Newer aircraft models offer better fuel economy and operational performance, resulting in cost savings and lower CO2 emissions. Given the significant cost of commercial aircraft, airlines often lease their assets, with ownership and leasing evenly split in the industry.
- Chart of the Week