COVID-19 impact on airline revenue and early recovery trends
- The week of May 20th revenue grew by 5 percentage points versus the week of April 20th
- The low-point of the COVID-19 crisis lasted 12 full weeks (April 20th until July 20th). During this 12 week period, revenues remained more than 80% 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
- Airline revenue climbed dramatically from April 2021 to July 2021, likely due to widespread availability of COVID-19 vaccines. However, as the Delta variant spread during the summer of 2021 fell back toward the baseline, and then fell further along with new of the spread of the Omicron variant in December 2021.