FRANKFURT, Germany (AP) — Global air travel is recovering more slowly than expected and it will take until 2024 to return to pre-pandemic levels, the trade association for the airline industry said Tuesday.
The International Air Transport Association pushed back its prediction by one year due to the slow containment of the outbreak in the U.S. and in developing countries.
The industry is seeing a rebound from the depths of the shutdowns in April, but the bad news is that any increase “is barely visible,” IATA chief economist Brian Pearce said during an online briefing for journalists.
Pearce said that air travel is not rebounding along with rising levels of business confidence in Europe, the U.S. and China. Traffic was down 86.5% in June from the same month a year ago, compared with a drop of 94.1% in April, measured as revenue passenger kilometers, or the distance traveled by all