AIR TRAFFIC RECOVERY APPROACHING PRE-PANDEMIC LEVELS
The latest analysis of the International Civil Aviation Organisation (ICAO) has revealed that air transport seat capacity and passenger totals globally have reached an estimated 80% of pre-pandemic levels, with passenger revenue at around 72% of its 2019 high point. Simultaneously, the number of cargo aircraft in service is 4% higher than its pre-pandemic benchmark, largely due to their use remaining robust throughout COVID-19 in support of medical, humanitarian and other critical global supply chains, and increased consumer reliance on international e-commerce.
ICAO currently predicts that a majority of international route groups should fully recover to their pre-pandemic levels by either the fourth quarter of this year or the first quarter of 2023. Segments of East and North Asia could prove to be slower, with recovery there following later in 2023