Airlines report Q1 performance, top airlines hit by COVID-19

- A Monitor Desk Report 09 May, 2020 | 748 Views|-+
Dhaka: A majority of airlines across the world have reported their performance numbers for the first quarter of the year. The numbers are significantly poor compared to Q1 2019, as travel demand certainly plunged amid the coronavirus pandemic, forcing airlines globally to ground aircraft, suspend flights and seek financial aid.

United Airlines has reported 60,938 million available seat miles in Q1 2020, a 7.2 per cent drop from Q1 2019; 70.9 per cent passenger load factor, 10 pts down from last year Q1; 30,359,000 passengers, 16.7 per cent short than the previous year's first quarter; and 264 million cargo revenue, down 7.7 per cent than Q1 2019.



American Airlines has reported 62,099 million available seat miles in Q1 2020, a 6.9 per cent drop from Q1 2019; 72.7 per cent passenger load factor, 9.5 pts down from last year Q1; 42,201,000 passenger enplanements, 15.5 per cent short than the previous year's first quarter; and 147 million cargo revenue, down 32.6 per cent than Q1 2019.

Delta Air Lines has reported 58,885 million available seat miles in Q1 2020, a 5.7 per cent drop from Q1 2019; 73.1 per cent passenger load factor, 9.6 pts down from last year Q1; and 152 million cargo revenue, down 20.8 per cent than Q1 2019.

Southwest Airlines has reported 34,350 million available seat miles in Q1 2020, a 6.7 per cent drop from Q1 2019; 67.7 per cent passenger load factor, 10.3 pts down from last year Q1; 29,779,000 passenger enplanements, 21.2 per cent short than the previous year's first quarter; and 39 million freight revenue, down 7.1 per cent than Q1 2019.

China Southern has reported 47,723 million available seat kilometers in Q1 2020, a 42.8 per cent drop from Q1 2019; 67.9 per cent passenger load factor, 15 pts down from last year Q1; 16,846,000 passengers carried, 53.7 per cent short than the previous year's first quarter; and 1,462 million revenue tonne kilometers cargo and mail, down 13.3 per cent than Q1 2019.

China Eastern has reported 36,647 million available seat kilometers in Q1 2020, a 44.3 per cent drop from Q1 2019; 67.8 per cent passenger load factor, 15 pts down from last year Q1; 13,703,000 passengers carried, 57 per cent short than the previous year's first quarter; and 438.5 million revenue freight tonne kilometers, down 28.8 per cent than Q1 2019.

Air China has reported 40,669 million available seat kilometers in Q1 2020, a 42.1 per cent drop from Q1 2019; 67.8 per cent passenger load factor, 13.6 pts down from last year Q1; 13,714,000 passengers carried, 51.8 per cent short than the previous year's first quarter; and 656.2 million revenue freight tonne kilometers, down 40.2 per cent than Q1 2019.

British Airways has reported 39,248 million available seat kilometers in Q1 2020, a 11.7 per cent drop from Q1 2019; 74.2 per cent passenger load factor, 5.4 pts down from last year Q1; 8,548,000 passengers carried, 18.4 per cent short than the previous year's first quarter; and 879 million cargo tonne kilometers, down 17.2 per cent than Q1 2019.

Turkish Airlines has reported 38,381 million available seat kilometers in Q1 2020, a 10 per cent drop from Q1 2019; 75.5 per cent passenger load factor, 4.6 pts down from last year Q1; 13,393,000 passengers carried, 20 per cent short than the previous year's first quarter; and 378,743 tonne cargo and mail, up by 3.6 per cent than Q1 2019.

Air France has reported 36,683 million available seat kilometers in Q1 2020, a 11.3 per cent drop from Q1 2019; 79.6 per cent passenger load factor, 5.9 pts down from last year Q1; 9,486,000 passengers carried, 21 per cent short than the previous year's first quarter; and 815 million revenue cargo tonne kilometers, down 11.3 per cent than Q1 2019.

Cathay Pacific Airways has reported 26,492 million available seat kilometers in Q1 2020, a 34 per cent drop from Q1 2019; 69.2 per cent passenger load factor, 14.8 pts down from last year Q1; 4,330,000 passengers carried, 52.3 per cent short than the previous year's first quarter; and 2,297 million cargo and mail revenue tonne kilometers, down 15 per cent than Q1 2019.

Air Canada has reported 23,511 million available seat miles in Q1 2020, a 9.6 per cent drop from Q1 2019; 74.5 per cent passenger load factor, 7.3 pts down from last year Q1; 9,927,000 revenue passengers carried, 17.5 per cent short than Q1 2019.

Singapore Airlines has reported 28,481 million available seat kilometers in Q1 2020, a 9.4 per cent drop from Q1 2019; 69.1 per cent passenger load factor, 12.5 pts down from last year Q1; 3,874,000 passengers carried, 25 per cent short than the previous year's first quarter; and 1,392 million freight tonne kilometers, down 13.4 per cent than Q1 2019.

Easyjet has reported 20,753 million available seat kilometers in Q1 2020, a 23.3 per cent drop from Q1 2019; 89 per cent passenger load factor, 1.6 pts down from last year Q1; 16,400,000 passengers carried, 18.2 per cent short than Q1 2019.

KLM-Royal Dutch Airlines has reported 25,720 million available seat kilometers in Q1 2020, a 9.4 per cent drop from Q1 2019; 80.3 per cent passenger load factor, 7.3 pts down from last year Q1; 6,276,000 passengers carried, 18.9 per cent short than the previous year's first quarter; and 1,017 million revenue cargo tonne kilometers, down 9.8 per cent than Q1 2019.

Aeroflot Russian Airlines has reported 28,685 million available seat kilometers in Q1 2020, a 6.6 per cent drop from Q1 2019; 66.7 per cent passenger load factor, 9.1 pts down from last year Q1; 6,930,000 passengers carried, 18 per cent short than the previous year's first quarter; and 235.3 million revenue cargo tonne kilometers, up 14.1 per cent than Q1 2019.

Above, the carriers are in order as per their 2019 capacity by aviation data firm OAG.

Also, it may be mentioned here that Emirates, Qatar Airways, Ryanair and Lufthansa are not included in this list of top airlines since they are yet to report their performance numbers.

Nevertheless, this clearly indicates, as the billionaire investor Warren Buffett put, "the world has certainly changed" for the aviation industry with no clear timetable for passengers to return to travel at post-crisis levels.

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