Global commercial air traffic plummeted in the first quarter of 2020 as the Covid-19 pandemic took hold. In May 2020, we began making regular forecasts of how soon aviation demand would recover based on four potential scenarios and the latest information. We’re now publishing those forecasts in this dashboard, which we’ll update regularly.
Here are the latest developments as of October 2021.
- Since our previous forecast, the projected global revenue for 2021 in the baseline recovery scenario continues to drop, falling an additional $8 billion, to $235 billion from our prior prediction of $243 billion. That would represent just 35% of the industry’s total revenue in 2019 (see panel 1 above). The recovery continues…