Log-in here if you’re already a subscriber Release DateAugust 17, 2022Signs of a cooling air freight market after record heatPurchase...
In this latest TAC Analysis, we bring the air travel recovery into context with increasingly cloudy economic horizons. Despite calls to pick a side between aviation growth or a global recession, we find evidence that both can be true – an apparent contradiction worthy of the wild times in which we find ourselves today.
TAC Analysis details its 2022 forecast in two parts, continuing with the obstacles and opportunities facing airlines heading into the new year. The United States traffic doubled in 2021, rebounding as passengers continue to return to the skies, but the remaining recovery will be paced by the airlines’ ability to accept it. Touching 89% of 2019 levels on Thanksgiving weekend, we expect the recovery to stall, ending 2022 still below 100%.
As COVID-19 mutates to continue its torment, aviation adapts right along with it.
Breeze Airways is on the verge of reality. The nascent airline is readying its route structure and going through its proving runs with the Federal Aviation Administration. The plan to find a new U.S. home for Azul’s sunsetting E190s predates COVID-19, but David Neeleman finds himself with inexpensive aircraft and a shifting lessor business model made for crisis.
The global airline fleet is not recovering evenly. With global scheduled capacity up over 92% from April 2020, that metric serves better to illustrate just how terrible last April was than how good we find it in 2021. Compared to 2019, the global fleet is producing 53% fewer seat-miles. We’re a long way from where we were before the pandemic.
Boeing's CFO, Greg Smith, is retiring. He had amassed a slate of responsibilities that had effectively made him as close to being CEO without actually getting the title. Aviation is now multi-planetary. The Jet Propulsion Laboratory's helicopter, Ingenuity, successfully took flight on Mars. A new COVID-19 variant is ravaging India. The country had more cases on Monday than were found in the next 11 countries combined. The air travel link to and inside the planet's second most populous nation is at extreme risk.
Globalization, technology and crippling debt will shape the future of flying after COVID-19, says longtime Emirates airline president Sir Tim Clark.
Mandated COVID-19 testing for U.S. domestic travel would cost airlines billions, set recovery back to June levels.
The factors that will define the air travel recovery in 2021.
Log-in here if you’re already a subscriber Release DateJanuary 27, 2021After Max, 787, tanker and spacecraft struggles, trouble comes to...
As we begin 2021, low-cost carriers are in the driver’s seat.