Geneva: Airlines across the globe and in India will continue to face overcapacity problem, further cramping their ability to charge higher for air tickets, which is currently 62% lower than in 1998.
International Air Transport Association (IATA) chief economist Brian Pearce said that the problem of capacity is set increase in calendar year 2020.
Data Pearce shared shows that airlines across the globe added 5.1% of the total fleet in 2019 and the number is set to increase by over 2 percentage points in 2020. The prediction is that airlines across the globe would add about 2,100 aircraft in 2020, which will be 7.5% of the total aircraft capacity in the world based on available seat kilometres (ASK).
“Increased capacity induction is set to keep fares stressed all across the globe,” Pearce said.
12/12/19 Mihir Mishra/Economic Times
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International Air Transport Association (IATA) chief economist Brian Pearce said that the problem of capacity is set increase in calendar year 2020.
Data Pearce shared shows that airlines across the globe added 5.1% of the total fleet in 2019 and the number is set to increase by over 2 percentage points in 2020. The prediction is that airlines across the globe would add about 2,100 aircraft in 2020, which will be 7.5% of the total aircraft capacity in the world based on available seat kilometres (ASK).
“Increased capacity induction is set to keep fares stressed all across the globe,” Pearce said.
12/12/19 Mihir Mishra/Economic Times
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