Air transport will not recover to pre-coronavirus levels until 2024, experts say

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Experts have downgraded their expectations for how quickly the aviation industry could recover, with air travel not expected to reach pre-pandemic levels until 2024.

The leading trading body, the International Air Transport Association (Iata), initially predicted flights would return to 2019 figures by 2023, but pushed back its forecast for a year.

A key market that is slowing the recovery is that of the United States, where air travel has increased but has recently been sidetracked again by further spikes in coronavirus cases in a number of states.

Although the aviation industry is temporarily restarting after a near total shutdown in April, Iata’s chief economist Brian Pearce said any recovery was “barely visible,” reports The Associated Press.

Global passenger traffic fell 94.1 percent year-over-year in April; in June, it was still down 86.5 percent year-over-year.

Lack of consumer confidence and tight budgets for business travel are both contributing to the slow recovery.

“In addition, there are few signs of containment of the virus in many important emerging economies, which, in combination with the United States, accounts for about 40 percent of the global air transport markets,” Iata said in a statement. .

“Their continued closure, especially to international travel, is significantly slowing the recovery.”

Europe’s largest budget airline Ryanair reported losses of € 185million (£ 167million) – an average of £ 20 per second – between April and June 2020.

The carrier has seen passenger traffic drop 99%.

In the UK, the Department of Foreign Affairs’ general coverage against international travel, which is still in place in most countries, thwarts travel plans, alongside the mandatory two-week quarantine for all travel in the UK. from all destinations except 62.

Spain, a favorite among British holidaymakers, was recently removed from the two exemptions after an outbreak of Covid-19 cases.

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