Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 - a year longer than previously expected - for passenger traffic to return to pre-crisis levels.
FILE PHOTO: The International Air Transport Association logo is seen at the International Tourism Trade Fair ITB in Berlin, Germany, March 7, 2018. REUTERS/Fabrizio Bensch/File Photo
“The second half of this year will see a slower recovery than we’d hoped,” IATA Chief Economist Brian Pearce said. June passenger numbers were down 86.5% year-on-year, the organisation said, after a 91% contraction in May. International travel is unlikely to rebound significantly without a reasonably priced testing regime that was deemed acceptable by governments, Association of Asia Pacific Airlines Director General Subhas Menon said. Depending on the country, tests can cost hundreds of dollars.
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