Global air traffic will not return to levels seen before the coronavirus pandemic until at least 2024, the International Air Transport Association said on Tuesday.
Uncertainty about the timing of border reopenings is the main factor, IATA’s chief economist Brian Pearce told a news conference.
“We now are expecting 2019 levels not to be reached until 2024 which is a year later that what we had previously expected,” he said.
For more coronavirus news, visit our dedicated page.
The outlook depends on how countries manage “to control the virus”, he said.
“What we haven’t seen is a wide spread of reopening, particularly for long haul, particularly for inter-Atlantic travel,” he said.
For all the latest headlines follow our Google News channel online or via the app
Any recovery in the second half of the year would be “slower than we hoped” after a weaker-than-forecast rebound in May and June.
Because of rising COVID numbers in some countries, the reopening of international borders would take longer than previously forecast, he said.
For 2020 as a whole, IATA now expects a 63-percent drop in air traffic, worse than its previous forecast of 55 percent, Pearce said.
IATA, which groups 290 airlines, projects their income to be amputated by half this year compared to 2019.
UK quarantine move on travelers from Spain deals disproportionate blow: IATAGlobal airline body IATA criticized Britain’s snap decision to re-impose coronavirus quarantine measures on travelers from Spain as a severe blow to ... Coronavirus
Coronavirus: Quarantine measures hurting Middle East’s travel industry: IATAStrict quarantine measures imposed by Middle Eastern nations are preventing the travel industry from getting back off the ground, threatening further ... Coronavirus
Post-coronavirus discounting of air fares poses further threat to profit, says IATAAirlines cut domestic fares by an average 23 per cent last month as traffic picked up from April lows, global industry body IATA said on Wednesday, ... Coronavirus
Domestic air travel falls 70 pct with a slow recovery outlook amid coronavirus: IATADomestic air traffic is down 70 percent globally and the recovery over the coming six months is likely to be slow due to the damage coronavirus has ... Coronavirus
Global airlines to lose $314 billion in revenue from coronavirus: IATAGlobal airlines will lose $314 billion in revenue due to the coronavirus pandemic in 2020 according to a forecast from the industry’s representative ... Coronavirus
Coronavirus could put 25 mln aviation jobs at risk: IATAGlobal airlines warned that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry's representative ... Economy
Airlines need up to $200 billion in emergency aid amid coronavirus: IATAUp to $200 billion is needed to rescue the world’s airlines during the coronavirus crisis, the global aviation association said Thursday, appealing ... Aviation & Transport