Airlines in Egypt continue to be severely impacted by the effects of COVID-19 in 2021, reversing several years of strong growth seen prior to the pandemic. The government reacted quickly to the COVID-19 pandemic, closing its borders on 19 March 2020 and going into lockdown soon after that.
EgyptAir is the major airlines’ player in Egypt and it is showing positive signs of a recovery in 2021, despite ongoing challenges relating to COVID-19. The COVID-19 pandemic has put a huge hole in the profits of airlines not just in Egypt but globally as well, with many struggling to stay operational.
Global markets such as Russia, Ukraine, the UK, the US, Italy, and Germany have always been the main drivers of growth for airlines in Egypt; however, due to the COVID-19 pandemic tourism flows between these markets has slumped dramatically. EgyptAir has been working on reducing prices, creating offers, upgrading tickets for a lower costs and more, as it looks to encourage travellers to make bookings.
With hopes of an end in sight to the COVID-19 pandemic, thanks to the rollout of vaccines on a global scale, the Egyptian government is seeking to hit the ground running in terms of rebuilding passenger numbers. The investment in infrastructure is a part of this, but the fruits of building new airports will be very much a longer term reward.
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This report originates from Passport, our Airlines research and analysis database.
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