Air Transport: Forecasts in the New Reality

The constant resurgence of covid-19, the closure of international markets and the loss of consumer confidence, postpone the beginning of the recovery of the air industry, a process that is predicted to be long in the context of the new business reality.

Friday, August 14, 2020

According to the International Air Transport Association (IATA), in this context of business and economic crisis in a large number of countries at the global level, there is no evidence of strong growth in global demand for cargo and its progress continues to be an extraordinary challenge for airlines.

In some countries the airlines have already resumed their operations gradually and under strict safety protocols, but the companies have found a new reality that generates uncertainty, due to the constant outbreaks.

See "Tourism and Travel: Consumer Interests and Preferences"

Alexandre De Juniac, General Director and CEO of IATA, told Laestrella.com.pa that "... 'In many parts of the world contagion continues to increase. All this bodes well for a longer and more painful recovery period for the industry and the global economy'. International passenger traffic remains virtually 'non-existent', despite a slight improvement in June compared to May, so the overall recovery of this market is 'slower' than expected."

Weeks ago, CentralAmericaData reported that since restrictions began to be imposed due to the outbreak of covid-19 in the countries of the region, interest in travel agency services plummeted, but in mid-May the decline was halted and in June most countries recorded rebounds.

The article adds that "... Meanwhile, many of the world's airlines are still bearing the brunt of a crisis in which cash expenses cannot be controlled in the short term and the sources of income from the activity are almost non-existent. Although many have chosen to stop their operations."

Specialists in the field believe that one of the great challenges facing the sector is related to biosanitary protocols and it will be necessary for countries to standardize them as soon as possible.

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More on this topic

Air Transport: New Market Settings

June 2020

Restructuring of airlines, preference for direct flights, modifications in the routes operated and the use of smaller aircraft are some of the changes expected in the regional air market in the context of the new business normality.

Air traffic has virtually disappeared in the last three months, as governments in Central America have decided to close borders and suspend commercial flights to and from the region's airports as a result of the covid-19 outbreak.

El Salvador: Air Traffic Opening Begins

June 2020

As of June 16, El Salvador will begin the gradual opening of logistics services at the Cargo Terminal at the Oscar Romero Airport, and the re-establishment of commercial flights is scheduled to begin on August 6.

As part of the return to the new normal, after eliminating the restrictions imposed by the covid-19 outbreak, the Autonomous Port Executive Commission (CEPA) informed that the Cargo Terminal of the "San Oscar Arnulfo Romero y Galdamez" International Airport will begin with the gradual reopening of its export and import logistics services under strict biosecurity protocols.

Avianca Declares Bankruptcy

May 2020

The Colombian-born airline, which operates in all Central American countries, voluntarily filed for bankruptcy in the United States following the company's economic losses due to the spread of covid-19 globally.

This process was necessary due to the unpredictable impact of the covid-19 pandemic, which has caused a 90% decrease in global passenger traffic and is expected to reduce industry revenues worldwide by US$314 billion, according to the International Air Transport Association (IATA), the company reported.

Airport Closed Until April 19th

March 2020

In El Salvador, authorities decided that commercial flights at the Oscar Romero International Airport will be suspended for the next three weeks due to the health alert the country is facing.

The decision was announced by the Autonomous Executive Port Commission (CEPA), and details that this is part of the compliance with the state of emergency and Executive Decree No. 12, due to the covid-19 pandemic.

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