Increasing Signs of Recovery in All Markets
Global airline capacity has bounced back this week quicker than an Olympic ski boarder, with airline capacity now at 78.9 million from the previous week’s depressing 73.7 million. A 7% increase in capacity week-on-week built upon China going for gold with a staggering 33% increase in scheduled airline seats, but other countries have contributed as well and deserve their podium finishes.
Along with this week’s capacity increases, there is also a return to more normal levels of capacity adjustment in the next three-month period. While some 5.8 million seats have been removed through to the end of April, that is 0.005% of total capacity suggesting increasing confidence in the market as we race through the shortest month of the year. In April 2020 global airline capacity slumped to 153.6 million and this year currently stands at 394.2 million, a comfortable doubling of capacity (+156%) which is a positive message although we are of course…