We track scheduled flights (what’s planned) and tracked flights (what took off) from a sample of the largest airports across the world.
Global Departure Update
Looking at data up to 26 June 2023:
Global departures continue to rise, averaging 132k a day (Chart 1). That is a 5k increase from last month and 5.4% above 2019 levels.
This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.
We track scheduled flights (what’s planned) and tracked flights (what took off) from a sample of the largest airports across the world.
Global Departure Update
Looking at data up to 17 July 2023:
Global departures continue to rise, averaging 132k a day (Chart 1). That is a 5k increase from last month and 5.4% above 2019 levels.
Departures in Asia continued to grind higher, making it the best-performing region (including and excluding China) since the start of last year. However, China remains a caveat; most of China’s departures have remained domestic, though international flights continue to increase.
Turning to the US, Atlanta (+8.1% WoW) and Chicago (+6.9% WoW) lifted US airport departures +4.8% over the past week. However, this reflects departures returning to normal following poor weather conditions.
European departures (-1.4% WoW) slipped over the past week, though this is likely to reverse as school holidays start soon.
Information on long-term movements in flight data is available below.
China
Japan
Hong Kong
South Korea
Singapore
Thailand
US
UK
Italy
Spain
Germany
France
Canada
Bilal Hafeez is the CEO and Head of Research at Macro Hive. He spent over 20 years at top global banks such as JPMorgan, Deutsche Bank and Nomura leading teams in FX, rates and cross market research.
Ben Ford is a Researcher at Macro Hive. Ben studied BSc Financial Mathematics at Cardiff University and MSc Finance at Cass Business School, his dissertations were on the tails of GARCH volatility models, and foreign exchange investment strategies during crises, respectively.
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)
Enter your email to read this Macro Hive Exclusive
Like these insights?Join our free newsletter for regular updates and trade ideas.
Like these insights?Join our free newsletter for regular updates and trade ideas.
We use cookies for a number of reasons, such as keeping the Macro Hive site reliable and secure, personalising content and ads, providing social media features and to analyse how our site is being used. By clicking "accept" or any content on the site, you agree that cookies can be placed ACCEPT or you may Manage Preferences
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.