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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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Formato: | Online Artículo Texto |
Lenguaje: | English |
Publicado: |
The Author. Published by Elsevier Ltd.
2023
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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 |
collection | PubMed |
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. |
format | Online Article Text |
id | pubmed-9969225 |
institution | National Center for Biotechnology Information |
language | English |
publishDate | 2023 |
publisher | The Author. Published by Elsevier Ltd. |
record_format | MEDLINE/PubMed |
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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