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 revenue from dozens of airline websites against their average weekly revenue from January 5, 2020 until February 29, 2020. The 0% line is the average weekly revenue generated from January 5, 2020 until February 29, 2020.
COVID-19 impact on airline revenue and early recovery trends
- The first week of June (week starting May 31st; Revenue: – 89%) revenue grew by 5 percentage points versus the first week of May (week starting May 3rd, Revenue: -94%)
- Revenue recovery started during the last 2 weeks of May (starting the week of May 17th)
- The low-point of the COVID-19 crisis lasted 8 full weeks (March 22nd until May 16th). During this 8 week period, revenues remained over 90% below the January-February 2020 average
- The initial impact of COVID-19 began during the last week of February 2020. Website revenues dropped by 27% from the January-February 2020 average