Airline industry statistics confirm 2020 as worst year on record


KUALA LUMPUR: Airline industry statistics have confirmed that 2020 was the worst year on record, said the International Air Transport Association (IATA).

In a statement, IATA said the IATA World Air Transport Statistics (WATS) for 2020 revealed that 1.8 billion passengers flew in 2020, a decrease of 60.2 per cent compared with 4.5 billion in 2019.

It said the figures demonstrated the devastating effects of the COVID-19 crisis.on global air transport during the year.

"Total industry passenger revenues fell by 69 per cent to US$189 billion (US$1=RM4.23) in 2020 and net losses were US$126.4 billion in total.

The industry-wide air travel demand dropped by 65.9 per cent year-on-year, while international passenger and domestic air passenger demand decreased by 75.6 per cent and 48.8 per cent, respectively, compared to that of 2019.

IATA director general Willie Walsh said 66 per cent of the world’s commercial air transport fleet was grounded as governments closed borders or imposed strict quarantines at the depth of the crisis in April 2020.

" A million jobs disappeared and industry losses for the year totalled US$126 billion,” he said.

On 2020 airline performance, WATS figures showed that the Middle Eastern region suffered the largest proportion of loss for passenger traffic with a drop of 71.5 per cent in revenue passenger-kilometres (RPKs) versus that of 2019, followed by Europe and the African region which fell 69.7 per cent 68.5 per cent, respectively.

"China became the largest domestic market in 2020 for the first time on record, as air travel rebounded faster in their domestic market following their efforts to control COVID-19,” it said.

Nevertheless, the statistics also revealed that air freight was the bright spot in air transport for 2020, as the market adapted to keep goods moving, including vaccines, personal protective equipment and vital medical supplies, despite the massive drop in capacity from the bellies of passenger aircraft.

"Industry-wide available cargo tonne-kilometres (ACTKs) fell 21.4 per cent year-on-year in 2020 which led to a capacity crunch, with the industry-wide cargo load factor up 7.0 percentage points to 53.8 per cent,” it said, adding that this was the highest value in the IATA series started in 1990. - Bernama
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

IATA , Airline , Cargo , WATS

   

Next In Business News

China Evergrande inches close to default deadline, investors wait
US agency confirms air bag safety probe into 30 million vehicles
India's summer grains output seen at record 150.50 mln tonnes in 2021/22
Stocks steady as markets calm after Evergrande-led slide
Oil edges up, as investors worry about global demand
Tanco bags RM172.66mil land reclamation job in Melaka
Sapura Energy CFO Reza leaves, Chew to take over�
Southern Steel registers RM47.9mil net profit in FY21
BDB-MBI Kedah JV to develop Langkawi Premium Outlets
Astro posts lower Q2 net profit due to elevated content cost�

Stories You'll Enjoy


Vouchers