IMG.gif

Slow Traffic Recovery Restrains Asian Jet Demand

Copyright © 2022 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.

Slow recovery in long-haul international traffic is hampering the recovery in Asia-Pacific jet fuel demand. By early November Asia's international capacity had recovered to just 47% of pre-pandemic levels, lagging the recovery in other parts of the world by a wide margin, according to Capa — Center for Aviation. North American international capacity had recouped 88% of its 2019 levels, while European capacity had rebounded to 86%. The absence of international services results in a lower average fuel burn per flight in Asia, where short-haul regional routes still dominate air travel patterns. The situation is most pronounced in Northeast Asia, where international capacity was just a quarter of 2019 levels due to lockdowns in China. International capacity in China was a 7% sliver of 2019 rates, Capa noted. The consultancy pointed out that wide-body planes used for long-haul international services were grounded longer than narrow-body aircraft for short-haul flights. In early November there were just 1,413 wide-body jets in service versus roughly 1,800 prior to the pandemic.

Topics:
Jet Fuel, Oil Demand
Wanda Ad #2 (article footer)
#
United Airlines has invested in Oregon-based SAF producer Next in a bid to speed up commercialization of the nascent sector.
Wed, Nov 23, 2022
Global upstream activity looks at long last to be making a comeback from Covid-19 lows just as global oil prices begin to wobble.
Fri, Nov 25, 2022
Diesel profits remain sky-high in Europe but unusual diesel exports to the US show an uneven market in distress.
Mon, Nov 21, 2022