Overview
With COVID-19 ravaging the global aviation industry, bookings have declined 90 percent year-over-year worldwide. Meanwhile, airlines have cut capacity by more than 70%. Right now the entire industry is focused on when and where demand will return and how to best align capacity to meet the needs of the traveling public as they venture back to air travel.
Oliver Wyman and IATA have partnered to develop a demand forecasting platform, leveraging advanced data engineering and analytics. This forecasting platform uses passenger ticketing data from IATA’s Direct Data Solutions (DDS) product, Oliver Wyman’s COVID-19 Pandemic Navigator forecasts, and other activity and economic sources to predict domestic and international air travel demand for the next six months across more than sixty countries.
The organizations hosted an invitation-only webinar for IATA member carriers across two sessions to showcase the model’s forecasting through the interactive dashboard. during the webinar the team also summarized high-level insights and the methodology behind the model.
If you are interested in learning more, please reach out to: jianx@iata.org
July 20th, 2020, 10:30AM – 12:00PM EST / 04:30PM – 06:00PM CEST
July 22nd, 2020, 09:00AM – 11:30AM SIN /11:00AM – 01:30PM SYD
Agenda
- Restart through collaboration
- Overview of forecast modelling methodologies
- Demand forecasting insights
- Air travel demand forecasting dashboard demo
- Deep dives into case studies/market trends
- Q&A session
