Research from MoneyTransfers.com shows other regions lagging >>
by: Harvey Chipkin
The North American region is leading post-Covid-19 air traffic recoveries, according to MoneyTransfers.com, which offers advice and data on international money transfers. A recent MoneyTransfers.com analysis shows that North America has a planned seat capacity of 21.2 million in 2022. That's 2.1 million short of March 2019 levels of 24.3 million. The assessment also shows that the region is 14.8% below pre-pandemic passenger numbers. Other regions aren't doing as well as North America. For instance, Southeast Asia reports a planned seat capacity of 5.4 million. That region served 9.9 million passengers weekly before March 11, 2019. The coronavirus pandemic brought the global economy to a grinding halt, according to the MoneyTransfers.com report. No industry took a harder hit than air travel, as governments worldwide instituted containment measures that restricted movements and banned international travel. Consequently, passenger numbers dropped significantly, forcing airlines to ground operations. Jonathan Merry, CEO of MoneyTransfers.com, said that two years down the line, things are looking up, and global aviation is slowly picking up. He added that the gradual reopening of economies worldwide has seen people return to work and that allows for some movement, albeit at reduced levels. But, said Merry, “it’s still a far cry from what it was before the pandemic struck."
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