2020 will go down in the history books as the air transport industry’s most turbulent year to date, with massive fluxes in passenger volumes globally due to the Covid-19 pandemic. Runways emulating plane graveyards served as a visceral reminder of the vulnerable economics of the air transport industry.
Emerging from government-imposed travel bans and nationwide lockdowns during the first half of the year was not enough to prompt travelers to return to the skies en masse. After showing some positive signs over the northern hemisphere summer months, global passenger traffic at the end of November 2020 slumped back down to 48 per cent year-on-year (YoY) from 2019, according to SITA data. Regaining passenger confidence has become a critical factor for airlines to weather the ongoing economic storm.
