IATA expects air traffic to normalize by 2023
The International Air Transport Association (IATA), is of the opinion that airline passenger traffic might be affected if new health rules impose an excessive cost burden. It also opines that airline passenger traffic will not return to pre-crisis levels until 2023 (at the earliest).
“Covid’s effects on air travel are certainly going to last a number of years with no quick rebound to 2019 levels,” the international airline body’s Chief Economist Brian Pearce stated.
The period will see a demand shift towards shorter flights. This would imply growth in traffic measured in revenue passenger kilometres trails behind passenger numbers.