Air Traffic Recovery and Cargo Opportunity Strategy
Passenger volume recovery projection
Looking ahead to projected air traffic into July
2022
Most major flows are expected to
recover by 2023 or 2024
Projected recovery by region, index(2019=100)
Intraregional flow
25
Canada: 73%
EU: 80%
Russia: 84%
8 जै 8
75
Asia
Flow overall
South America
Europe
Australasia
North America
UK: 68%
France: 69%
Germany: 70%
25
United States: 82%
Turkey: 79%
South Korea: 70%
Italy: 73%
Japan: 67%
For intraregional flights, we expect close to full
recovery as early as 2022.
0
China: 100%
2019
Mexico: 77%
Saudi Arabia: 74%
2021
Interregional flow
2023
India: 57%
Indonesia: 84%
125
100
Brazil: 66%
Argentina: 71%
South Africa: 69%
Australia: 62%
75
50
50%
55%
60%
65%
70%
75%
80%
85%
90%
95%
100%
25
Flow overall
Others
Asia -
Europe
Europe North
America
Asia North
America
Baseline scenario projection of G20 countries' total
airline passenger volume in July 2022, as percentage of
July 2019 numbers.
CHINA AIRLINES
2019
2021
2023
Overall air traffic demand will still be hampered by the
low level of interregional flights, which is currently at 20
percent of pre-COVID-19 levels.
Source Bain & Company, Inc.; PaxIS ; McKinsey analysis of global airline demand
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