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IATA February 2020 passenger demand data highlights COVID-19 impact
Global passenger demand fell by 14.1 per cent in February 2020, according to IATA analysis, as the COVID-19 began to severely impact Asia-Pacific markets.
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Revenues
In March 2019, it was reported that global airport revenues grew 6.2 per cent to US$172.2 billion, comprised of 55.8 per cent aeronautical revenue, 39.9 per cent non-aeronautical and 4.3 per cent non-operating. The aeronautical means include the terminal, landing and passenger fees paid by airlines.
Money can also be made through many other aspects within an airport’s operation, for example, car parking fees, retail concessions, real estate and advertising.
Regarding non-aeronautical revenues, a large part of course lies with the duty-free shops and restaurants available in a terminal. It is recognised within the industry that a happy passenger is more likely to be a spending passenger, and so it can be argued that an airport’s revenue strongly relies on securing a high-quality passenger experience.
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COVID-19 causes air cargo demand to fall in February 2020
As the consequences of COVID-19 began to impact the air cargo industry in February, IATA data found that cargo demand saw a 1.4 per cent decrease.
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ACI economic analysis shows COVID-19 is an existential threat to aviation
As a result of travel restrictions and border controls, the COVID-19 pandemic has been estimated to eradicate 38.1 per cent of passenger traffic in 2020.
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Understanding the building blocks of aviation capacity
Catya Zuniga and Geert Boosten, from the Amsterdam University of Applied Science, discuss how best to define aviation capacity.
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FAA to award COVID-19 CARES Act financial support to U.S. airports
Airports across the U.S. will be awarded approximately $10 billion in COVID-19 financial support under the Trump Administration's CARES Act Airport Program.
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UK support for aviation industry lacking, says AOA
AOA has called on the UK government to better support the country's aviation industry as countries across the globe implement significant supportive measures.
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New wage subsidy will save aviation jobs says AAA
The AAA's Simon Bourke says the financial subsidy will be of great relief to the thousands of people who work in aviation and in airports across Australia.
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Open letter sent to UK Chancellor calling for COVID-19 aviation support
Almost 40 Members of Parliament have written to the Chancellor calling for more support for the UK aviation industry during the COVID-19 pandemic.
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House of Commons discusses implications of COVID-19 on aviation
The UK's House of Commons' Transport Committee held an informal virtual meeting with Transport Secretary, Grant Shapps, to discuss the implications of COVID-19 on transport.
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ACI World calls for financial measures to safeguard millions of airport jobs
ACI data outlines that airports employ over 6.1 million people globally, and so have urged for financial measures to be implemented to protect airport jobs amidst the COVID-19 crisis.
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ACI Asia-Pacific calls for employment and connectivity relief measures
ACI Asia-Pacific has urged governments to implement relief measures in order to protect airport jobs and aviation connectivity as a result of the COVID-19 outbreak,
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New data shows the rapid impact of COVID-19 on aviation
ACI World's latest data has shown the rapid effect the COVID-19 crisis has had on the aviation industry and it's now calling on governments to ensure solutions to this are fair and reasonable.
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IATA urges governments to do more during the COVID-19 pandemic
IATA has thanked governments who have been supportive of the industry during the COVID-19 pandemic but have asked that further worldwide governments follow suit.
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UK airports disappointed in change in government COVID-19 support
The AOA has said the UK government only allowing the industry financial help during the COVID-19 crisis on a case-by-case basis is "not feasible to provide the support necessary in the coming days".
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Updated revenue analysis from IATA shows worsening impacts of COVID-19
IATA now estimates that industry passenger revenues could plummet by $252 billion; 44 per cent below 2019’s figure.
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