IMPORTANT NOTICE | Mayberry Investments Limited is a cashless institution.

Mayberry Investments Limited is a cashless institution.
Please note that cash deposits into any Mayberry account held at commercial banks, whether made in-branch or via Automated Banking Machines (ABMs), are not accepted and will not be processed. For information on accepted payment methods, please contact your Investment Advisor.

Commercial flights within the EU are slowly recovering but still far off pre-pandemic levels

April 19, 2022

In March 2022, the number of commercial flights in the EU increased by 156% compared with March 2021. However, this is still below the pre-pandemic levels (-27% compared with March 2019).

In absolute terms, the number of commercial flights stood at 389,181 in March 2022, compared with 151,986 in March 2021, 296,362 in March 2020 and 530,400 in March 2019.

The EU countries with the lowest decreases in commercial flights in March 2022 were Croatia (-6% compared with March 2019), Portugal (-8%) and Greece (-12%). In contrast, flights decreased the most in Slovenia (-56%), Sweden (-45%), Latvia (-43%), Czechia (-42%) and Finland (-41%).

Since 2019, the impact COVID-19 has had on commercial flights traffic between the EU and its 10 biggest ‘extra-EU countries’ (UK, Switzerland, Turkey, U.S., Russia, Norway, Morocco, Israel, Ukraine and Egypt based on 2019 annual data) has been clear. After the unprecedented drops in April and May 2020, following lockdowns implemented across the EU and the rest of the world, flight numbers seemed to be on the way to recovery but recovery was soon stalled due to the different COVID-19 waves.

Compared with March 2019, commercial flights in 2022 remain below the pre-pandemic levels with all top-10 extra-EU countries, most noticeably with Norway (-34%), the UK (-29%), Israel (-28%), Switzerland (-24%) and Egypt (-19%). However, when compared with March 2021, there is a clear increase in traffic with eight countries: UK (+599%), Norway (+375%), Israel (+366%), Morocco (+236%), Switzerland (+230%), Egypt (+192%), Turkey (+121%), and the U.S. (+77%).

Due to the ongoing conflict, in March 2022, commercials flights with Russia and Ukraine came to a standstill: there were 52 flights with Russia and zero with Ukraine, compared with March 2019. In March 2019, before the pandemic hit, there were 14,493 flights with Russia and 5,414 with Ukraine. In 2021, those numbers had decreased 77% for Russia and 71% for Ukraine.

Source: Eurostat

Disclaimer:

Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

More Stories from the Market
shutterstock_537598660
August 14, 2026 Caribbean Flavours and Fragrances Limited (CFF) Unaudited financials for the six months ended June 30, 2026: Caribbean Flavours a…
shutterstock_382756177
August 14, 2026 General Accident Insurance Company Jamaica Limited (GENAC) Unaudited financials for the six months ended June 30, 2026: General…
shutterstock_609342323
August 14, 2026   Access Financial Services Limited (AFS) has declared a dividend payment of $0.10 per share payable on September 11, 2026,…
shutterstock_609342323
August 14, 2026   Cargo Handlers Limited (CHL) has declared an interim dividend payment of $0.11 per share payable on September 25, 2026, t…
shutterstock_609342323
August 14, 2026   Carreras Limited (CAR) has declared an interim dividend payment of $0.41 per share payable on September 17, 2026, to shar…
shutterstock_609342323
August 14, 2026   NCB Financial Group Limited (NCBFG) has declared an interim dividend payment of $0.50 per share payable on September 11, …
shutterstock_609342323
August 14, 2026   Proven Group Limited (PROVEN) has declared a dividend of US$0.0020 per share. Ordinary shareholders who have requested pa…
shutterstock_453968572
August 14, 2026   Caribbean Assurance Brokers Limited (CABROKERS) has advised of the resignation of its former Mentor, Mrs. Tania Waldron, …