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IATA predicts slow recovery in aviation sector, govt should boost confidence

Wednesday, April 22, 2020

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Considering the anticipated slow recovery in demand for air travel the International Air Transport Association has called for governments to work with the industry on confidence-boosting measures.

 

Alexandre de Juniac, IATA director general said that passenger confidence will suffer a double whammy even after the pandemic is contained – hit by personal economic concerns in the face of a looming recession on top of lingering concerns about the safety of travel.
Governments and industry must be quick and coordinated with confidence-boosting measures.

 

It was noted in an IATA-commissioned survey of recent travellers that some 60 per cent of travellers anticipate a return within one to two months of containment of the Covid-19 pandemic however 40 per cent indicate that they could wait six months or more.
It was indicated by more than two third of travellers that many would delay a return to travel until their personal financial situation stabilises.

 

 

Return-to-travel behaviour are seen in the domestic markets of China and Australia, where new coronavirus infection rates have fallen to very low levels.

 

 

After the rate of new Covid-19 infections in China fell into single digits China domestic demand began to recover.

 

 

From mid-February into the first week of March there was an early upswing and the number of domestic flights plateaued at just over 40 per cent of pre-COVID-19 levels.
While the actual demand is expected to be significantly weaker as load factors on these flights are reported to be low. China accounts for some 24 per cent of all domestic passengers.

 

Even after the rate of new infections fell into single digits the domestic demand in Australian continued to deteriorate.

 

 

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