Novel coronavirus' (COVID-19) extensive impact estimate on aviation March 2, 2020

As of March 2, 2020, the extensive spread scenario of the novel coronavirus' (COVID-19) impact on the aviation industry estimated a 33 percent decline in the number of air passengers in Europe. Besides this, passenger revenue in the Asia Pacific region is expected to decline by approximately 57.3 billion U.S. dollars.

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

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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 Extensive Spread Scenario is based on countries that have 10 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 countries with more than ten confirmed cases as of March 2, 2020 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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