IATA Economics’ Chart of the Week: Ukraine conflict results in downturn in airline bookings

Mar 11, 2022
  • Description

The escalation of the conflict between Ukraine and Russia has significant implications on the aviation industry. Governments have adopted economic sanctions that specifically target the industry and closed large areas of air space, fuel is trading at a historical high and fear of continued warfare is affecting the already fragile air passenger demand. This week's chart focuses on how demand responded to this new crisis in the first week of armed conflict.