Covid-19: Aviation Industry Begins to Recover Activity

Covid-19: Indústria da aviação começa a recuperar actividade

The aviation industry is finally starting to recover after severe downturns in the sector due to the covid-19 pandemic.

According to recent data consulted by 'CEOWorld', total net sales of travel agencies reached €2.30 billion in March this year, which is a monthly increase of 82% compared to February.

March was the third consecutive month with positive sales growth recorded by the companies, while total sales increased by more than 120% year-on-year.

The aviation sector added 14,347,442 passenger trips in March, a 29% year-over-year increase. In that same month, the number of passenger trips in the US reached 9 926 183, an increase of 33,80% year-over-year.

At the same time, the number of international passenger trips reached 4,421,259 in March, an increase of 18,83% over the previous year.

According to what is FlightGlobal's first airline index, the industry is at 0.58 of the pre-covid level, based on information from the 15 largest airlines and airline groups.

The main conclusion that the analysis focuses on is the expectation that the industry will begin to recover from the low levels of demand seen in recent months during the second half of 2021.

It is also true that many air carriers are trying to recover from the difficulties they faced during 2020 by downsizing their businesses with employee layoffs and fleet retirements.

In Europe, according to IATA data, airlines recorded a drop of 89% in traffic in February 2021 compared to February 2019. The percentage recorded in January was -83.4% compared to January 2019.

Total demand for international flights in February 2021 decreased by 88.7% compared to February 2019, posting a further decline of 85.7% in January and representing the worst growth result since July 2020. Results deteriorated in all regions compared to January 2021.

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