Air Trends Report by CWT Solutions Group

A bi-monthly forecast powered by CWT Solutions Group, the data and consulting arm of CWT.

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Forcasting from July to August 2019
Released July 11, 2019

Global Trend Average Ticket Price

Global Trend

Average ticket price

We forecast average ticket prices will dip -2% in July vs June, before inching back up with a 0.4% increase in August—$687 and $690, respectively. While the ongoing trade disputes’ impact is felt more keenly on cargo (with IATA forecasting zero growth in traffic), any escalation could pose downside risks to global business travel, which is closely tied to global trade.

However, compared with the same period last year, ATP is up 3.8% in July and 1.7% in August this year. IATA expects passenger traffic to slow but grow a solid 5% this year.

While airlines’ load factor performance remains strong, the outlook for the remaining months is uncertain as rising costs, specifically, jet fuel, hammer the industry and challenge the airlines’ ability to recover those costs.

Global Trend economy class usage

Global Trend

Economy Class Usage

Economy class usage remains unchanged at 92% for both July and August compared with the previous months of May and June, and from the same period year-over-year.

Global trend advanced booking usage

Global Trend

Advance Booking Usage

Bookings done at least two weeks before departure are in line with the average for the year, with 44% and 43%, respectively in July and August. There’s a slight uptick from June, when it averaged just 40%. That’s because travelers around the summer months are known to better anticipate and plan their holidays—and to make sure to book business trips accordingly.

Global trend online booking usage

Global Trend

Online booking tools usage

Global use of online booking tools continues its upward trajectory, creeping up to 52% and 54%, respectively in July and August as travelers increasingly go digital when booking their travel needs.

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