Insight | Fresh opportunities for Australian airlines to adapt and grow market share
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Australia’s airline industry has been particularly impacted by COVID-19, despite having very successful virus containment. Due to a slow vaccination rollout (particularly for developed nations) and a zero-COVID policy, Australia is now in the unenviable position of becoming one of the last markets to recover, states a new independent white paper commissioned by Inmarsat Aviation.
However, aviation analyst Brendan Sobie, who authored the report, believes that Australia’s airline industry is well positioned as COVID-19 travel restrictions lift and can win international market share if they adjust to evolving competitive dynamics and potential shifts in travel patterns.
A recovery in terms of traffic or profitability for any Australian carrier is not likely until at least 2023. To capitalise on the opportunities ahead, airlines will also need to adjust to changes in passenger preferences and expectations.