By Judson Rollins
July 5, 2021, © Leeham News: The passenger air travel recovery from COVID-19 has been wildly uneven, even between neighboring countries. Most countries with large domestic markets have seen dramatic rebounds in passenger volumes, although yields have been held back by a continued slump in long-haul and business travel.
Aircraft parked at Hong Kong International Airport, with construction on a third runway in the background. Source: Bloomberg.
In the Asia-Pacific region, however, even short-haul international traffic has been disrupted by virus outbreaks, a painfully slow vaccine rollout, and a largely stagnant web of border closures.
- Much of Asia is well behind global average in the vaccine rollout.
- Domestic markets in China, Australia, and New Zealand are performing strongly.
- Border closures continue to cripple international travel.
- Many Asian countries are likely to stay closed well into 2022.
- Most Asian airlines are reporting slow progress toward capacity restoration.
To read the rest of the article Login or Subscribe today.