Airlines just can’t get the world flying again. Despite a U.S. boom in vaccinations, many countries are battling a resurgent coronavirus. That means carriers are now expected to end 2021 offering about two-thirds the number of seats they did in 2019. Passenger demand could be even lower.
Globally, scheduled capacity is stuck at about 58% of pre-pandemic levels, says John Grant, chief analyst at aviation data specialist OAG. For every market that grows, another seems to fall back, he said.