EUROCONTROL Five-Year (depressing) Forecast 2020-2024
The traffic outlook for the future has been strongly impacted by COVID-19.This forecast takes into account the following updated inputs:
- Traffic trends: 65% fewer flights in March-October 2020 than the same period 2019
- Economic growth: Strong downward revision of the economic forecast (Oxford Economics October 2020 release)
- Three separate scenarios to account for COVID-19 impact and timing of recoveryThis forecast replaces the Autumn 2019 forecast.
Five year forecasts released by @eurocontrol yesterday show that traffic is not expected to reach 2019 levels until at least 2024 – next year will still be between 50% and 27% down on 2019@Transport_EU @ECACceac @A4Europe @IATA @CANSOEurope @ACI_EUROPE @EBAAorg @eraaorg pic.twitter.com/Y7hTfE14U6
— Eamonn Brennan (@eurocontrolDG) November 5, 2020
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