Airline industry forecast June 2022

24 June 2022

According to the latest IATA publication, we have a positive outlook and numbers are keeping up as of June ends, the industry is recovering.

Flights operated in 2022 are expected to total 33.8 million, which is 86.9% of 2019 levels (38.9 million flights). Passenger revenues are expected to account for $498 billion of industry revenues, more than double the $239 billion generated in 2021.

Despite the higher fuel bill forecast (USD192 billion based on an average jet fuel price of USD 125.5 per barrel) than our earlier estimate, the combination of strongly rebounding air passenger traffic and solid cargo revenues drive the lower net loss forecast for 2022. The recovery in passenger traffic is expected to gain pace this year (2022 RPKs to be 18% below 2019 levels) as people are keen to travel as soon as travel restrictions are lifted. Low unemployment rates support household income in the face of the global increase in inflation and underpin passenger demand. Cargo revenues are expected to be robust (USD191 billion, slightly down from the record level of USD204 billion in 2021) even as cargo yields moderate with the additional belly capacity

I have thought of quoting these links instead of summarizing the information that is already condensed, I hope it is useful.

Alexandra Giselle Chavez

Master in Aviation Management.

Universitat Autònoma de Barcelona.

UAB