Global Departures Plateau in Summer Peak
Bilal Hafeez, Ben Ford
Global departures are plateauing, averaging 132k a day since mid-July (Chart 1). Historically, global departures have declined from here.
Bilal Hafeez, Ben Ford
Global departures are plateauing, averaging 132k a day since mid-July (Chart 1). Historically, global departures have declined from here.
Bilal Hafeez, Ben Ford
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.
Bilal Hafeez, Ben Ford
Global departures keep rising at an average of 127.7k a day, 4.3% above 2019 levels (Chart 1).
Bilal Hafeez, Ben Ford
Global departures have recovered their strong upwards trend as half-term holidays commenced (Chart 1). Departures sit 5% above 2019 levels.
Bilal Hafeez, Ben Ford
Last week’s small retreat in departures proved short lived as global departures soar to 122,000 per day (Chart 1). Departures sit 6% above 2019 levels.
Bilal Hafeez, Ben Ford
Last month, we investigated whether the Chinese were flying abroad. Our data showed they were, with departures to Thailand showing no slack. The latest data from Thailand’s Ministry of Tourism and Sport has confirmed as much; arrivals in Thailand from China increased to 19% in March, versus 2019 averages, an increase from 11% in February (Chart A).
Bilal Hafeez, Ben Ford
Average global departures have remained above 120,000 per day, up 1.1% WoW and 5.9% above 2019 levels (Chart 1).
Bilal Hafeez, Ben Ford
Our latest China Growth Tracker shows that a vast majority of the reopening is simply Chinese flights returning. However, we have collected the latest ADS-B and Mode S data2 to track whether these flights are leaving the country.
Bilal Hafeez, Ben Ford
Average global departures sit close to 114,000 per day, up 1,000 per day from the last report. They remain the highest since January 2020 and sit above 2019 levels (Chart 1).
Bilal Hafeez, Ben Ford
Average global departures sit above 122,000 per day, up 1,000 per day from the last report.
Bilal Hafeez, Ben Ford
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).
Bilal Hafeez, Ben Ford
Average global departures have breached 110,000 per day for the first time since January 2020 (Chart 1)!
Bilal Hafeez, Ben Ford
Global departures continue to climb, currently at 109,000 per day, similar to 2019 levels (Chart 1).
Bilal Hafeez, Ben Ford
Global departures show no sign of slowing, now 1,000 ahead of 2019 levels (Chart 1).
Bilal Hafeez, Ben Ford
Global departures are edging higher, with the seven-day moving average a touch below 110,000 a day and just above the 2019 level (Chart 1).
Bilal Hafeez, Ben Ford
Global departures are back above 110,000 a day for the first time since January 2020 following a 5.5% jump in departures over the past week (Chart 1). They are up 6.1% so far this month (Table 1).
Bilal Hafeez, Ben Ford
Global departures are sat back above 105,000 a day for the first time since October 2022 following the strongest January change in five years (Table 1).
Bilal Hafeez, Ben Ford
Global departures sit a touch below 105,000, an increase on last week, tracking the progress in 2019. We are at the tail end of Chinese New Year celebrations, and departures from the region are rising again...
Bilal Hafeez, Ben Ford
Global departures sit at 103,000 per day, a touch lower than last week, but a level comparable to 2019 and just shy of the levels they were before Covid-19 struck in 2020 (Chart 1).
Macro Hive is the community platform for the thinking investor…
Already have an account?…
Spring sale - Prime Membership only £3 for 3 months! Get trade ideas and macro insights now
Your subscription has been successfully canceled.
Discount Applied - Your subscription has now updated with Coupon and from next payment Discount will be applied.