More bad news for airlines as IATA predicts slower post-Covid recovery

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More bad news for airlines as IATA predicts slower post-Covid recovery
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It will be four years before passenger levels return to their pre-pandemic normal, according to the IATA

Airlines are in big trouble - much bigger than previously anticipated. The International Air Transport Association air travel will not go back to normal routines until at least 2024 as governments struggle to contain the coronavirus pandemic.

“Nothing...nothing of this scale has ever occurred to aviation. The drop-off in traffic is staggering; it's frightening and it’s going to cost literally hundreds of thousands of jobs,” says Geoffrey Thomas, an aviation expert and Chief Editor at Airline Ratings, speaking to“It will send airlines bankrupt, and it will cause massive problems to Boeing and Airbus.”

Countries around the world have shut borders and this has led to the cancellation of flights. Passengers who fear contracting the virus have consequently postponed their travel plans. “...there is little sign of virus containment in many important emerging economies, which in combination with the US, represent around 40 percent of global air travel markets. Their continued closure, particularly to international travel, is a significant drag on recovery,” the industry body says.

Recent reports suggest that news of a resurgence may mean it is at the start of a second wave of infections. The situation has raised alarm, with officials now warning that this all may have been a result of some becoming lax about following social distancing guidances. in new cases in recent days. Tourist hotspots are in particular focus as officials are concerned that people visiting crowded places are taking the virus back to their home countries.

In the coming years, the IATA says more passengers will fly domestically than take international flights. Thomas says this will make things “extremely difficult” for long-haul carriers like Singapore Airlines.

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