The International Air Transport Association (IATA) has downgraded its traffic forecast for 2020 to reflect a weaker-than-expected recovery as evidenced by a dismal end to the summer travel season in the northern hemisphere.
IATA now expects full-year 2020 traffic to be down 66 per cent compared to 2019. The previous estimate was for a 63 per cent decline.August passenger demand continued to be hugely depressed against normal levels with revenue passenger kilometres down 75.3 per cent compared to August 2019. This was only slightly improved compared to the 79.5 per cent annual contraction in July.
Domestic markets continued to outperform international markets in terms of recovery although most remained substantially down on a year ago.
