With the global aviation industry now echoing the resurgence of the travel and tourism sector, the team at Cirium take a closer look at the market outlook and emerging trends
Prior to 2020, the last decline in worldwide airline capacity came in 2009, following the global financial crisis. As significant as this was, it proved to be relatively modest compared to the dramatic collapse during the COVID-19 pandemic.
Thankfully, capacity is currently experiencing a sharp recovery. Available seat kilometres (ASK), a measure of an aircraft’s carrying capacity available to generate revenues, were up 26% and flights up 46% for 2022.
Of course, this varies by region. Growth has been rapid in the US – far faster post-pandemic than after the 2009 crisis – but the opposite is true in Asia, where recovery has been hampered by extended travel restrictions and border closures, some of which remained in place well into this year.