Cargando…

The state of Africa's air transport market amid COVID-19, and forecasts for recovery

The COVID-19 pandemic has raised air transport stakeholders' concerns about the state of the market, the potential timing of recovery, and recouping long-haul traffic. Passengers’ travel confidence must be restored, and air travel safety awareness raised. This paper estimates the immediate and...

Descripción completa

Detalles Bibliográficos
Autor principal: Tolcha, Tassew Dufera
Formato: Online Artículo Texto
Lenguaje:English
Publicado: The Author. Published by Elsevier Ltd. 2023
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9969225/
https://www.ncbi.nlm.nih.gov/pubmed/36873805
http://dx.doi.org/10.1016/j.jairtraman.2023.102380
Descripción
Sumario:The COVID-19 pandemic has raised air transport stakeholders' concerns about the state of the market, the potential timing of recovery, and recouping long-haul traffic. Passengers’ travel confidence must be restored, and air travel safety awareness raised. This paper estimates the immediate and long-term effects of COVID-19 on air transport markets and forecasts timescales for recovery of the markets for domestic and international flights in nine African countries. Intervention analysis and SARIMAX are employed for the analysis, using monthly time-series data from August 2003 to December 2021. The empirical results show that air transport is significantly elastic to the pandemic. It is forecast that air transport recovery may take around 28 months for domestic flights and 34 months for international flights, starting from 2020. The simulation analysis suggests that passenger flights may rebound to pre-crisis levels between 2022 and 2023. In general, the pandemic-induced fluctuations in the aviation market and the nature of the rebound may be considered to be part of a cyclical process rather than a structural change.