EveryMundo has aggregated and anonymized data from dozens of airline websites to determine recovery trends from the devastating COVID-19 shock to the airline industry.
Data represents weekly total flight bookings from dozens of airline websites against their average weekly bookings from January 5, 2020 until February 29, 2020. The 0% line is the average weekly bookings generated from January 5, 2020 until February 29, 2020.
Flight bookings recover faster than revenue
- Website bookings start to recover during the week of May 17th posting consistent weekly growth of over 5 percentage points. A very encouraging sign vs. slower revenue recovery trends
- In terms of absolute number of bookings, these have tripled when we compare the bookings made during the week starting March 3 vs. the most recent week starting May 31st
- According to booking trends, the low-point of the COVID-19 crisis started the week of March 22nd and ends during the week of May 16th. The low-point lasts for 8 full weeks, where weekly flight bookings remain over 75% below the January-February 2020 average. This low-point timeline coincides with the 2020 revenue trends table
- The initial impact of COVID-19 on airline bookings began during the week of March 15th (Bookings: -41%)
- Before the COVID-19 crisis hit, there is spike in bookings during the week starting March 1st. This is due to extremely low fares across most carriers and the rush before global lockdowns