As the financial year draws to a close, we reflect on another eventful 12 months and also take a look forward to what’s in store for the aviation industry.
Aviation – a year in review
Topic: Airport Recovery
Continued Airport Recovery – a look ahead to 2024 and beyond
There are plenty of reasons to be optimistic as the aviation industry moves towards the end of 2023, not least that it is expected to finally reach a profit this year for the first time since the pandemic.
ACI World Airport Traffic Forecasts 2022-2041:
- Due to the COVID-19 pandemic, global passenger traffic dropped from 9.2 billion in 2019 to 3.6 billion in 2020, and then recovered to 4.6 billion in 2021, and 6.5 billion in 2022. Over the next five years, traffic is expected to recover from 4.6 billion to 11.0 billion. (See chart below) This equates to a Compound Annual Growth Rate (CAGR) of 19.0% over the 2021–2026 period.
- It is predicted that in 2024 global airport passenger traffic will return to the volume observed in 2019. Passenger traffic worldwide is expected to reach 19.3 billion in 2041 and 23.9 billion in 2050.
Aviation Industry Recovery White Paper
Now that the aviation industry is thankfully well on the road to recovery following the massive disruption of the pandemic we are glad to be in the position of taking a look forward at future challenges rather than back, and anticipating what lies ahead this summer.
So what does this long awaited recovery mean for your operation and what are the challenges you may face this summer?
Download the latest AiQ Aviation Industry Recovery White Paper now.
Aviation Industry Recovery – Part 3 of 3
In part 1 in this series the focus was on the forecasts that various industry bodies have made of a complete and sustainable recovery from the disruption of the pandemic and a growth in air passenger demand in 2023.
In part 2 and in this part 3, the final part of our series, we cover some of the industry challenges your operation may face this summer and what this long awaited recovery means for your operation.
Aviation Industry Recovery – part 2 of 3
In part 1 in this series on the aviation industry’s recovery from the disruption of the pandemic we focused on the forecasts that various industry bodies have made of a complete and sustainable recovery and a growth in air passenger demand in 2023.
Thankfully it’s looking like there’s plenty of reasons to be optimistic as the aviation industry moves through the year, not least that it’s expected to finally reach a profit in 2023 for the first time since the pandemic.
In part 2 of our series we cover what this long awaited recovery means for your operation and some of the challenges you may face this summer.
Aviation Industry Recovery – part 1 of 3
Now that the aviation industry is thankfully well on the road to recovery following the massive disruption of the pandemic we are glad to be in the position of taking a look forward at future challenges rather than back, and anticipating what lies ahead this summer.
It has been encouraging to see various industry bodies making forecasts of a complete and sustainable recovery and a growth in air passenger demand in 2023.
The intelligence behind AiQ
As we have discussed in our previous blogs demand forecasting and capacity planning rely on good data and expert analysis and interpretation of that data. AiQ Consulting are immersed in the whole operation to ensure we know every little detail to provide highly detailed analysis, insight and solutions.
Is your data telling you the whole story?
As we have discussed in our previous blogs demand forecasting and capacity planning rely on good data, but they also rely on expert interpretation of that data. AiQ are immersed in the whole operation to ensure we know every detail to provide insight and solutions.
Demand forecasting and airport capacity planning
Airport Recovery Tool – ART
AiQ has built its’ consultancy expertise in Demand Forecasting and Capacity Planning over the past 15 years – working with constrained airports such as London Heathrow and Schiphol to fast expanding airports such as Bristol and Budapest. But as we start to see signs of recovery from the pandemic and travel opens up again, what is going wrong as our airports struggle to handle traffic volumes which are still well below their pre-March 2020 levels? (The ACI reported 66% in March 2022.) Why are airports around Europe struggling to recover full-service levels?
Building airport capacity for summer 2022 and beyond
It’s been brilliant to see people travelling again but the challenges in restarting an industry that has been largely dormant for two years are clear. Airports Council International reported in March 2022 that air traffic volumes in Europe have recovered to 66% of pre-COVID pandemic levels.
What are the top 3 priorities for airports ahead of the summer peak season 2022?
Following the pandemic, airports are now well on the way to recovery. As flight demand increases and the industry starts to pick up pace again, are you confident your airport is ready? Here, we take a look at the top three priority areas where data analytics are helping to plan demand and model capacity.
Growing your operation efficiently with smart airport capacity planning
From kerbside to airspace, airports are scaling up for the predicted summer ‘travel boom’ starting with the Easter holidays. Despite this positive outlook, uncertainties over future COVID variants and the effects of the Ukrainian war overshadow. Smart airport capacity planning will enable a growing but flexible operation, matching capacity needs with fluctuating passenger demand whilst preventing resource inefficiencies. Read More »