Global Capacity Trending Down to Less Than 50 Million By Year End

Coronavirus Capacity Update Week Forty-Three: The worrying and steady weekly decline in global capacity continued into a fourteenth consecutive week of capacity cuts with another one million seats wiped out across the worlds scheduled airlines

Current trends will take us below 50 million seats a week by year end which in turn would be somewhere around 54% below the 106 million reported in the last week of 2019. Can 2020 end quick enough?

Since the 20th January we have seen just over 2.275 billion fewer seats operated by scheduled airlines compared to the same time last year. Assume an industry average load factor of 75% and then a cautious yield per passenger of US$250 per sector and the passenger revenue loss to the industry is running close to US$426 Billion; slightly more than the IATA current estimate; an 80% load factor would give you US$455 Billion. That’s a lot of cash.