Novel coronavirus' limited impact estimate on the aviation industry March 2020

As of March 2, 2020, the limited spread impact scenario of the novel coronavirus (COVID-19) on the aviation industry estimated a 24 percent decline in the number of air passengers in Italy. Italy is the most impacted European country, with over 7,300 confirmed cases as of March 9, 2020.

Limited spread impact scenario of the novel coronavirus (COVID-19) on the aviation industry as of March 2, 2020, by country or region*

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Source

Release date

March 2020

Region

Worldwide

Survey time period

March 2, 2020

Supplementary notes

* Figures are based on one of two potential scenarios calculated by the source. The Limited Spread Scenario is based on countries that have 100 or more confirmed COVID-19 cases.
Revenue figures do not add up to the global total because of route overlaps.
The estimation method assumes the market pattern for Japan, Singapore, South Korea, Italy, Germany, France, and Iran to follow China's market disruptions pattern between January and March 2020 . In addition to that, it integrates the impact pattern of 2003 SARS disease outbreak on aviation to calibrate transition effects more accurately.

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