The latest projections from the ICAO suggest that
by September 2020 international air passenger totals could drop by
as many as 1.2 billion travellers when compared to
what would normally be regarded as “business-as-usual”.
The estimates also show that international
capacity could drop by as much as two-thirds from what had been
forecast for the first three quarters this year, leading airline
revenues to drop by as much US$160 - US$253 billion for the
January to September period.
Europe and the Asia Pacific will be hardest hit by
the capacity and revenue impacts, followed by North America.
Similarly, the most substantial reduction in
passenger numbers is expected to be in Europe, especially during
its peak summer travel season, followed by Asia Pacific.
“As overall severity and duration of the pandemic
are still uncertain, ICAO has developed six different recovery
paths under two indicative scenarios to explore the potential
short-term economic implication of the COVID19 pandemic,” said
ICAO Secretary General Dr. Fang Liu in a statement about the
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