Covid-19 Impact on tourism economy Forecast: Europe’s Air Traffic Not Expected to Reach 2019 Levels Until 2024 at Earliest by GTP editing team 10 November 2020 written by GTP editing team 10 November 2020 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 45 A new forecast looking at the possible evolution of air traffic in Europe, in the post-Covid-19 era, over the coming 5 years has been released by Eurocontrol, a pan-European, civil-military organisation dedicated to support aviation in Europe. In the most optimistic scenario, air traffic is forecast to return to 2019 levels by 2024. However, in the second scenario (most likely), 2024 traffic would only be at 92 percent of the 2019 figure. In the third scenario, traffic in 2024 would be 75 percent of the 2019 figure and would not reach numbers seen in 2019 until 2029. “Even in the most positive scenario, we do not expect a recovery to 2019 levels before 2024. There is a very real prospect that this recovery could take even longer, perhaps to as far out as 2029. This is a catastrophic picture for the aviation industry and shows clearly why it is so important for States to take consistent and coherent measures to support the aviation industry and make passengers feel safe to fly again,” said Eurocontrol Director General Eamonn Brennan. Vaccine essential for aviation sector’s evolution Eurocontrol’s forecast shows that the evolution of the aviation sector is strongly dependent on how soon an effective vaccine is made widely available and by levels of public confidence. Scenario 1 – Vaccine Summer 2021 Vaccine widely made available for travellers (or end of pandemic) by Summer 2021, with traffic only returning to 2019 levels by 2024. Scenario 2 – Vaccine Summer 2022 Vaccine widely made available for travellers (or end of pandemic) by Summer 2022, with traffic only returning to 2019 levels by 2026. Scenario 3 – Vaccine not effective Lingering infection and low passenger confidence, with traffic only returning to 2019 levels by 2029. “This is a required input for States subject to the EU Performance Scheme in support of their obligations. Forecasting is never easy and of course, on this occasion it is an even bigger challenge due to the very volatile environment. It comes with greater caveats than normal due to the evolving COVID-19 situation,” Brennan said. Join the 15,000+ travel executives who read our newsletter Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Greek Consumers Group Issues Guidelines for Canceled Trips Due to Covid-19 Lockdown next post Athens: Tourism Included in €40m Action Plan to Support City’s Economy You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek Tourism Ministry Monitors Santorini Situation as Seismic Activity Continues 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ