Flight bookings recover faster than revenue
- Website bookings start to recover during the week of May 20th posting consistent weekly growth of over 5 percentage points. A very encouraging sign vs. slower revenue recovery trends
- The number of absolute of bookings have tripled when we compare the bookings made during the week starting April 20th vs. the most recent week starting January 21st
- 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: -60%)