Global air travel is recovering more slowly than expected and 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 US and developing countries.
The industry is seeing a rebound from the depths of the shutdowns in April, but the bad new is that any increase “is barely visible,” IATA chief economist Brian Pearce said Tuesday during an online briefing for journalists.
Pearce said that air travel is not rebounding along with rising levels of business confidence in Europe, the US and China.
