IATA recently revealed its “Impact Assessment of the Novel Coronavirus” where they analysed the potential impact of the health epidemic on the global and regional aviation markets through multiple what-if scenarios. The sharp decline in flight ticket bookings and the quick spreading the virus forced airlines to start cancelling flights in vast numbers that in turn significantly reduces the number of passengers and aircraft arriving to airports.
This in turn is expected to have a negative economic impact between $63 and $113 billion. As the virus is still spreading, we are yet to see its overall effect on the airports’ flight schedules and predicted passenger numbers. Therefore, just like IATA, airports also need to prepare multiple what-if scenarios to understand how much they would be disrupted.
As many of BEONTRA’s airport customers are affected by this situation, BEONTRA has activated its Cancellation Rate feature free of charge for the duration of this health epidemic. All community members using B Tactical for their Flight Schedule Management or Budget Forecasting tasks will benefit automatically. Hopefully, the feature will be of help to prepare for the highly unexpected and severe effects of the Coronavirus on their operations.
With this feature, the user can select for which set of flights which absolute number or percentage of flights need to be cancelled and for what period of time. Use it in combination with the standard bulk changes on expected aircraft types and seat load factors to create multiple scenarios within minutes and allow for aligned decision making.
BEONTRA hopes that even in these difficult times, airports can plan their business processes in a way that is efficient and will make most of the situation. We would like to encourage you to contact us at support@beontra.com in case you need further assistance with your planning tasks as we are here to help you wherever we can.
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