Air Travel Payment Trends: 2020 vs 2021
Air Travel Payment Practices: Minimal Improvement Seen, Up Just 0.4 Points
The Comparison: 2020 vs. 2021
- 2020: Analysed data from 58 companies in the air travel sector, revealing an average payment practices score of 61.1 out of 100.
- 2021: The study expanded to encompass 63 companies, yielding a slightly improved average score of 61.5 out of 100.
What This Means
The near-static average payment score suggests that, despite increased scrutiny and focus on financial health following the pandemic-driven disruption, air travel companies demonstrated only a marginal improvement in their payment behaviour between 2020 and 2021. The negligible 0.4-point increase suggests systemic challenges persist in timely payments within the industry, possibly influenced by complex supply chains and ongoing operational pressures. While there has been slight progress made overall, a score of 61.5 out of 100 continues to indicate significant room for improvement.
One-line summary: Analysis of 58 companies in 2020 scored payment practices at 61.1/100, whilst in 2021, 63 companies showed a minor increase to 61.5/100.
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