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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...

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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
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author Tolcha, Tassew Dufera
author_facet Tolcha, Tassew Dufera
author_sort Tolcha, Tassew Dufera
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description 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.
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spelling pubmed-99692252023-02-27 The state of Africa's air transport market amid COVID-19, and forecasts for recovery Tolcha, Tassew Dufera J Air Transp Manag Article 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. The Author. Published by Elsevier Ltd. 2023-05 2023-02-24 /pmc/articles/PMC9969225/ /pubmed/36873805 http://dx.doi.org/10.1016/j.jairtraman.2023.102380 Text en © 2023 The Author Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Tolcha, Tassew Dufera
The state of Africa's air transport market amid COVID-19, and forecasts for recovery
title The state of Africa's air transport market amid COVID-19, and forecasts for recovery
title_full The state of Africa's air transport market amid COVID-19, and forecasts for recovery
title_fullStr The state of Africa's air transport market amid COVID-19, and forecasts for recovery
title_full_unstemmed The state of Africa's air transport market amid COVID-19, and forecasts for recovery
title_short The state of Africa's air transport market amid COVID-19, and forecasts for recovery
title_sort state of africa's air transport market amid covid-19, and forecasts for recovery
topic Article
url 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
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