As the cabin sector prepares for its much-anticipated return to the world of face-to-face exhibitions the industry continues to weather the storms that are thrown at it.
Despite a worldwide pandemic, conflict in Eastern Europe and growing pressure from environmental groups the latest flight data shows encouraging signs of recovery, with UK flight arrivals and departures now recovering to under a 20% reduction from comparable data in 2019.
The first quarter of 2022 also saw 420 global aircraft orders placed, the highest Q1 orderbook since 2014 and a 31% increase on Q1 2021.
Aircraft manufacturers also delivered 237 aircraft in Q1, which is an overall increase of 17% on the same period in 2021.
The backlog of aircraft on order also remains above 13,000, representing several years’ worth of work worth around £182 billion to the UK aerospace sector alone.
Elsewhere in the world, Brazilian aircraft manufacturer announced no fewer than 1,000 job vacancies in May. The announcement followed recent estimates by Embraer that this year will see the volume of aircraft deliveries increase by between 15% and 25% compared to 2021. Meanwhile, recruiting staff from Emirates airline spent much of May travelling around the world meeting and hiring cabin crew recruits in 30 cities from Australia to the UK as well as dozens of European cities as well as Cairo, Algiers, Tunis and Bahrain.
Business travel also seems to be recovering, with a Business Travel Recovery Poll from the US-based Global Business Travel Association (conducted in April) showing the number of companies that allow non-essential domestic business flight travel increasing to 86% (up from 73% in February’s poll). International travel also made huge jump, up 26 percentage points to 74%.
Of the companies which previously cancelled or suspended most or all trips to a specific region/country, 75% said they planned to resume domestic travel, and 52% international
travel, in the next three months.
When asked to characterise their company’s spending on business travel compared to 2019, on average, respondents expected their company will be back to 59% of their pre-pandemic spend by the end of 2022 and will reach 79% by the end of 2023.
As such, the industry heads toward June’s AIX event in Hamburg and July’s Farnborough International Airshow with renewed optimism. Now, if somebody could just have a quiet word with Monkey Pox… now’s not the time for another pandemic.
Blue skies and tail winds.