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2022 Air Transport Industry Development Trend and Market Status Analysis

  • Author:Aaron
  • Release Date:2022-05-07
2022 Air Transport Industry Development Trend and Market Status Analysis

What is the development trend of the air transport industry and the current market situation? In mid-March this year, the international crude oil price exceeded $120 per barrel. The increase in jet fuel costs has made matters worse for the air transport industry, which is struggling under the epidemic. High jet fuel prices will inevitably lead to lower profit margins and reduced cash flow for airlines, and airlines will face a difficult process to come out of huge debts. At present, the lifting of travel restrictions has become a major Event that Many Air Transport Companies and Airports Are Eagerly Looking Forward to, but it must be carried out Steadily with scientific and rational thinking.

Experts say the Covid-19 pandemic has hit the aviation industry hard and created a domino effect on other major vertical supply chain industries such as tourism and hotels. Many industries, including the aviation industry, are eager to embark on the road of economic recovery as soon as possible, but because different countries have adopted different measures to deal with the epidemic, the degree of harm caused by the epidemic varies from place to place. Whether to lift travel restrictions should be carried out in a scientific and responsible manner on the basis of ensuring safety and prevention and control. The recovery of the air transport industry in different countries and regions depends to a large extent on the differences between domestic and international travel, especially the geographical location of different countries and the role of different airports in their respective Regions. Countrys Dominated by DOMESTIC or International Travel Will Also Differencess in Travel Res trictions and the process of economic recovery, with the Americas and Asia-Pacific regions dominated by domestic travel compared to markets such as Europe, the Middle East and Africa that rely primarily on international travel. market, its air transport industry will recover much faster.

In September 2021, Boeing's latest forecast report showed that although the impact of the epidemic has not yet been overcome, the global air transport industry is recovering strongly under the influence of favorable factors such as the gradual relaxation of global travel restrictions and the continued growth of The Air Cargo Market. Confidence in Air Travel is Returning.

Boeing believes that domestic short-haul demand in countries around the world is currently leading the recovery of the aviation market, and it is expected that between 2023 and 2024, the long-haul air travel market may return to pre-pandemic levels.

In 2021, the new crown epidemic will continue to spread globally, still impacting the development of the air transport industry. According to the International Air Transport Association (IATA), global aviation demand in 2022 will grow by 51% year-on-year.

According to Airbus' forecast, in the next 20 years, air transport demand will gradually shift from fleet growth to accelerated retirement of older aircraft with lower fuel efficiency. Of the total demand of 39,000 aircraft, 15,250 aircraft will be used to renew older aircraft.

By 2040, the vast majority of commercial aircraft will be of the latest generation, up from 13% today, which will greatly improve the CO2 reduction efficiency of commercial aircraft worldwide. It is also worth mentioning that in the context of sluggish passenger demand, freight has become a new opportunity. Almost all airworthy cargo planes are already in service to meet the surging demand for air freight. Leasing companies are buying used airliners to convert them into freighters. Aircraft makers are looking to launch more cargo planes amid encouraging prospects for cargo Growth.

According to the statistical analysis of the "2022-2026 China Air Transport Industry Competition Pattern and Development Trend Forecast Report" published by the China Research Institute of Puhua Industry:

Air transportation is a mode of transportation that uses airplanes, helicopters and other aircraft to transport people, goods, and mail. With the characteristics of speed and mobility, it is an important way of modern passenger transportation, especially long-distance passenger transportation. It is Indispensable for the Transportation of Valuables, Fresh Goods and Precision Instruments in International Trade.

Air transport has six characteristics: commodity, service, international, paramilitary, capital, technology and risk-intensive and natural monopoly. Air transport can be divided into different types according to different standards. Air transport originated in 1871. Due to the downturn in the international economy in the past two years, the air transport industry has encountered bottlenecks, but in the future, there is still a broad space for development in the air transport industry that is worth exploring.

In terms of cargo, multiple economic indicators point to a positive 2022, according to IATA Director General Willie Walsh. On the passenger side, the recovery trend continues, and the challenge in 2022 will be to increase passenger confidence through the normalization of travel. Such forecasts are closely related to the global air transport market data released not long ago for December and the whole year of 2021. In terms of cargo, the demand for air cargo in 2021 will increase by 6.9% over 2019 and 18.7% over 2020. Among them, demand is strong in December 2021. Since 1990, when IATA began to publish freight reports, this demand growth rate is second only to the growth rate in 2010 (20.6%) and 8.9 percentage points higher than the growth rate of global trade in goods (9.8%).

In order to implement the bottom-line work requirements of "truthful service", the Civil Aviation Administration recently issued the "14th Five-Year Plan" Air Transport Passenger Service Special Plan (hereinafter referred to as the "Service Plan"), which clarified the work objectives and key tasks of air transport passenger services. . This is also the first special plan in the field of civil aviation services. The "Service Plan" proposes 17 key tasks in four areas: improving flight regularity management capabilities, promoting civil aviation smart travel services, promoting the modernization of civil aviation service quality governance capabilities, and building a Chinese civil aviation service brand. Regarding the situation of prevention and control, seven major projects of air transport services, including the flight operation efficiency improvement project, the civil Aviation passenger travel convenient project, and the civil aviation passenger travel health project, have ben IDE ntified in the form of columns to ensure the implementation of key tasks. The "Service Plan" also clarifies four safeguards to strengthen overall coordination, increase policy support, pay attention to personnel training and do a good job in public opinion publicity to ensure the smooth Implementation of the "Service Plan" .2022 Air Transport Industry Development Trend and Market Status Analysis

What is the development trend of the air transport industry and the current market situation? In mid-March this year, the international crude oil price exceeded $120 per barrel. The increase in jet fuel costs has made matters worse for the air transport industry, which is struggling under the epidemic. High jet fuel prices will inevitably lead to lower profit margins and reduced cash flow for airlines, and airlines will face a difficult process to come out of huge debts. At present, the lifting of travel restrictions has become a major Event that Many Air Transport Companies and Airports Are Eagerly Looking Forward to, but it must be carried out Steadily with scientific and rational thinking.

Experts say the Covid-19 pandemic has hit the aviation industry hard and created a domino effect on other major vertical supply chain industries such as tourism and hotels. Many industries, including the aviation industry, are eager to embark on the road of economic recovery as soon as possible, but because different countries have adopted different measures to deal with the epidemic, the degree of harm caused by the epidemic varies from place to place. Whether to lift travel restrictions should be carried out in a scientific and responsible manner on the basis of ensuring safety and prevention and control. The recovery of the air transport industry in different countries and regions depends to a large extent on the differences between domestic and international travel, especially the geographical location of different countries and the role of different airports in their respective Regions. Countrys Dominated by DOMESTIC or International Travel Will Also Differencess in Travel Res trictions and the process of economic recovery, with the Americas and Asia-Pacific regions dominated by domestic travel compared to markets such as Europe, the Middle East and Africa that rely primarily on international travel. market, its air transport industry will recover much faster.

In September 2021, Boeing's latest forecast report showed that although the impact of the epidemic has not yet been overcome, the global air transport industry is recovering strongly under the influence of favorable factors such as the gradual relaxation of global travel restrictions and the continued growth of The Air Cargo Market. Confidence in Air Travel is Returning.

Boeing believes that domestic short-haul demand in countries around the world is currently leading the recovery of the aviation market, and it is expected that between 2023 and 2024, the long-haul air travel market may return to pre-pandemic levels.

In 2021, the new crown epidemic will continue to spread globally, still impacting the development of the air transport industry. According to the International Air Transport Association (IATA), global aviation demand in 2022 will grow by 51% year-on-year.

According to Airbus' forecast, in the next 20 years, air transport demand will gradually shift from fleet growth to accelerated retirement of older aircraft with lower fuel efficiency. Of the total demand of 39,000 aircraft, 15,250 aircraft will be used to renew older aircraft.

By 2040, the vast majority of commercial aircraft will be of the latest generation, up from 13% today, which will greatly improve the CO2 reduction efficiency of commercial aircraft worldwide. It is also worth mentioning that in the context of sluggish passenger demand, freight has become a new opportunity. Almost all airworthy cargo planes are already in service to meet the surging demand for air freight. Leasing companies are buying used airliners to convert them into freighters. Aircraft makers are looking to launch more cargo planes amid encouraging prospects for cargo Growth.

According to the statistical analysis of the "2022-2026 China Air Transport Industry Competition Pattern and Development Trend Forecast Report" published by the China Research Institute of Puhua Industry:

Air transportation is a mode of transportation that uses airplanes, helicopters and other aircraft to transport people, goods, and mail. With the characteristics of speed and mobility, it is an important way of modern passenger transportation, especially long-distance passenger transportation. It is Indispensable for the Transportation of Valuables, Fresh Goods and Precision Instruments in International Trade.

Air transport has six characteristics: commodity, service, international, paramilitary, capital, technology and risk-intensive and natural monopoly. Air transport can be divided into different types according to different standards. Air transport originated in 1871. Due to the downturn in the international economy in the past two years, the air transport industry has encountered bottlenecks, but in the future, there is still a broad space for development in the air transport industry that is worth exploring.

In terms of cargo, multiple economic indicators point to a positive 2022, according to IATA Director General Willie Walsh. On the passenger side, the recovery trend continues, and the challenge in 2022 will be to increase passenger confidence through the normalization of travel. Such forecasts are closely related to the global air transport market data released not long ago for December and the whole year of 2021. In terms of cargo, the demand for air cargo in 2021 will increase by 6.9% over 2019 and 18.7% over 2020. Among them, demand is strong in December 2021. Since 1990, when IATA began to publish freight reports, this demand growth rate is second only to the growth rate in 2010 (20.6%) and 8.9 percentage points higher than the growth rate of global trade in goods (9.8%).

In order to implement the bottom-line work requirements of "truthful service", the Civil Aviation Administration recently issued the "14th Five-Year Plan" Air Transport Passenger Service Special Plan (hereinafter referred to as the "Service Plan"), which clarified the work objectives and key tasks of air transport passenger services. . This is also the first special plan in the field of civil aviation services. The "Service Plan" proposes 17 key tasks in four areas: improving flight regularity management capabilities, promoting civil aviation smart travel services, promoting the modernization of civil aviation service quality governance capabilities, and building a Chinese civil aviation service brand. Regarding the situation of prevention and control, seven major projects of air transport services, including the flight operation efficiency improvement project, the civil Aviation passenger travel convenient project, and the civil aviation passenger travel health project, have ben IDE ntified in the form of columns to ensure the implementation of key tasks. The "Service Plan" also clarifies four safeguards to strengthen overall coordination, increase policy support, pay attention to personnel training and do a good job in public opinion publicity to ensure the smooth Implementation of the "Service Plan".