Strikes Wipe Out German Air Travel

We track scheduled flights (what’s planned) and tracked flights (what took off) from a sample of the largest airports across the world.

Looking at data up to 27 March 2023:

Average global departures remained about 111,000 per day, for the first time since January 2020 and sat a touch above 2019 levels (Chart 1).

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We track scheduled flights (what’s planned) and tracked flights (what took off) from a sample of the largest airports across the world.

Looking at data up to 27 March 2023:

Average global departures remained about 111,000 per day, forthe first time since January 2020 and sat a touch above 2019 levels (Chart 1).
Departures from Germany have collapsed with Munich (-29.2% WoW) and Frankfurt (-15.0%) seeing their seven-day moving averages deteriorate (Chart 4). A combined 12 planes departed Munich and Frankfurt yesterday, out of a scheduled 950, as seven major German airports were brought to standstill from ground crew strikes. Members of the Ver.di union and Civil Services Association are demanding a 10% pay increase. Elsewhere in Europe, departures otherwise increased.
The China re-opening continues. High-speed rail between Shanghai and Hong Kong will resume 1 April, according to Shanghai Railway Bureau. The announcement follows recent news that Shanghai Hongqiao International Airport will resume flight routes with international destinations as of 26 March.
Elsewhere, departures ticked 0.4% higher from the US.

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 twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets 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.

Photo Credit: depositphotos.com

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Flight Tracker

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Flight Tracker

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Flight Tracker

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Strikes Wipe Out German Air Travel

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 twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets 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.

Photo Credit: depositphotos.com

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Strikes Wipe Out German Air Travel

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 twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets 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.

Photo Credit: depositphotos.com

Enter your email to read this Macro Hive Exclusive

Your comments

Cancel reply

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.

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