According to IATA, the Airline Sector Will Not Recover Until 2024
After the new type of coronavirus epidemic that started in late 2019, almost every sector suffered great damage. Some sectors...
After the new type of coronavirus epidemic that started in late 2019, almost every sector suffered great damage. Some sectors...
New type starting in late 2019 coronavirus outbreak Afterwards, almost every sector suffered great damage. While some sectors cannot operate for months in supply chains and production It became apparent that there were serious problems.
It is one of the sectors that suffer the most due to the stopping of traffic between countries and people not leaving their homes for long periods of time. airlines happened. According to industry leaders before 2024 A recovery is unlikely.
The effects of coronavirus will be seen until 2024
Representing almost all of the leading airline companies in the world International International Air Transport Association (IATA) According to the statement made by , it will be possible for the sector to overcome the effects of coronavirus only after 2024.
In the road map prepared by IATA, the sector in 2019 There is a timetable for reaching traffic and revenue. Previous studies pointed to 2023 for the industry to return to its pre-pandemic point.
IATA's chief economist Brian Pearce, in the statement “Before vaccines, it depends on how well countries manage to control the virus.” made his statement. Stating that this issue is important for the aviation industry to return to the past, Pearce also stated that they cannot see any development.
The aviation industry may undergo changes
Aviation The basis of the problems experienced by the sector is that people are not very fond of flights. not inclined It is located. Visits to relatives and flights for pleasure are decreasing. In addition, airplanes do not attract much attention because customers' confidence in the economy in general is weak and the virus risk continues.
In addition, companies are trying to cut their expenses in the new period. According to IATA “Even if the economy improves, company travel budgets are expected to be very tight as they will continue to be under financial pressures.”
The recovery process when the pandemic first emerged 2 to 3 years It was expected to be completed between . The path drawn by IATA now is more pessimistic. Southwest Airlines CEO Gary Kelly pointed to a 5-year period when asked for his opinions in April. Sector analysts are also optimistic about the recovery process. 2 to 5 years It envisages periods varying between .
Every business is unique. Let’s explore how we can tailor these ideas to your own digital project.
