Published 15 Jun 2022
Aviation Industry's First Quarter Scorecard
Last week, we wrote the first-quarter report on the maritime industry, this week we continue with the aviation industry. Although the first quarter report card has improved compared to the pandemic times, it is still not in its previous form. Experts think that the current recovery will only be possible after 2023. There Is a Decline in Passenger Numbers The pandemic has affected almost all sectors since 2019. The logistics sector was faced with crises such as closed ports, quarantines, and increasing freight prices. All these negativities lasted for a long time. Although life is starting to normalize and order is returning to the past, the traces and effects of the pandemic still show themselves at some points. As in the first quarter scorecard of the aviation industry… Although the first quarter scorecard has improved compared to the pandemic times, it is still not in its pre-pandemic form. Although the airline ticket revenues of the companies have increased with the liberalization following the closures, it is still not at their old course. There is a 40% decline in the industry and experts think that this will only be possible after 2023. It is thought that the Ukraine-Russia War was also effective in the reflection of this on the current scorecard. There were airspaces closed with the war and changed aircraft routes. For example, flight prices to certain transit regions have increased… All of these have caused a decrease in the number of passengers and this has been reflected in the quarterly report.
Airline Cargo Revenues Increased
Compared to the first quarter reports of 2019 and 2021, there is an increase in cargo revenues. This also shows itself as a share of turnover. There were many problems due to the closed ports and delayed deliveries on the maritime lines, which was also reflected in the report card. Therefore, it is thought that eyes are set on airlines for fast delivery demand. It is estimated that this expectation is a motivation for this increase.
Besides all these, it is thought that Turkish airline companies will profit from the current situation because, after the war, sanctions were imposed on Russian airline companies. At the moment, there are regions where they cannot fly and operations that they cannot perform. All this also applies to other countries using Russian airspace. At this point, it is thought that Turkey, which is a buffer zone, and Turkish companies will gain an advantage. It seems that the interruption of the disrupted cargo operations and supply chains will be shaped according to the strategic moves of Turkish companies.