Insight
Global jet fuel demand recovery: Turbulence ahead
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The coronavirus pandemic this year landed an unprecedented blow to global jet fuel demand. A combination of lockdowns and global travel restrictions slashed Q2 global jet fuel demand in Q2 to just 3 million b/d, far below the levels seen in the aftermath of the 11 September 2001 terrorist attacks – the most recent airline transit shock. Although Covid-19 containment measures began to ease globally in May, the pace of jet fuel demand recovery still faces blustering head winds in 2020, 2021 and beyond. In this insight, we address these topics: • How long before global jet fuel demand recovers to 2019 levels? • Domestic versus international flights and the pace of recovery • The role of government intervention • Risks to jet fuel’s recovery
Table of contents
- Forecast post 2021
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Domestic vs. international flights – who bears the pandemic’s impact?
- China leads the way
- Europe recovery slowed by international flight restrictions
- US recovery led by domestic flights
- Will government support keep airlines in the stratosphere?
- Long-term turbulence ahead
Tables and charts
This report includes the following images and tables:
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Global jet fuel demand outlook 2020-2024, change from 2019Domestic % share of jet fuel sales, International Energy Agency 2017 DataState financial support to European airlines in 2020Domestic vs. International Flight Passenger Kilometers, China
What's included
This report contains:
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