ICAO predicts 1.2b fewer air travellers by September

ICAO forecasts that the Covid-19 crisis could send the number of international air travellers falling by up to 1.2b by September 2020, compared to a typical year. It also estimates that airline revenues could fall by US$160b-$253b for the first 9 months of this year, with international capacity down by up to two-thirds. According to its baseline scenario, referencing originally planned capacity, passenger numbers could have risen by 64m in the first 9months of this year, while revenues could have increased by $15b. In a new report published Tuesday, ICAO says that Europe and Asia-Pacific will see the greatest hit to capacity and revenue. Over two-thirds of the predicted revenue loss will be accounted for in Asia-Pacific and Europe, it estimates. <br/>