Drive American
http://admin.travelmole.com/images/stories/2009/images/airportdepartures(4).jpg

Published on Wednesday, July 29, 2020

IATA says air travel won't recover until 2024






The International Air Transport Association (IATA) remains highly pessimistic about a speedy recovery from the Covid-19 pandemic.


In an update on the state of the industry, IATA cut their coronavirus recovery forecast, and now says it will likely be 2024 before passenger traffic returns to pre-pandemic levels.


That is a year longer than previously forecasted.


It cites slow progress to contain the virus in the United States and major uncertainty over the future of corporate travel.


It also said 2020 passenger traffic will decline by about 55%.


"The second half of this year will see a slower recovery than we'd hoped," IATA Chief Economist Brian Pearce said.


Business travel will possibly never fully recover.


"It will remain to be seen whether we see a recovery to pre-crisis business travel patterns. Our concern is that we won't," Pearce said.


IATA also points to relatively weak consumer confidence for leisure travel due to job security concerns and rising unemployment, as well as a general anxiety about travel.


"What improvement we have seen has been domestic flying. International markets remain largely closed. Consumer confidence is depressed and not helped by the UK's weekend decision to impose a blanket quarantine on all travelers returning from Spain. All of this point to a longer recovery period," said Alexandre de Juniac, IATA's Director General and CEO.


 


by Ray Montgomery, US editor

Story Image



Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story


NOTE: Comments are subject to admin approval before being posted.
  • Totally wrong !

    I totally disagree with IATA. Speculations that change every other month. And when will be a vaccine, they will then say, oh the Tourism sector will now recover much quicker than we initially thought ! People need holidays, like we need water, it is essential and will always be.The more stress you have, the less money you have, the more holidays you need ! It will be attractive deals and my predictions is that already 2021 will be a good year ! People do not take any more seriously scaremongering from the press. Michail Fotakis Hotelier on Crete

    By Mixalis Fotakis, Thursday, July 30, 2020

  • AAAAHHHHHHHH No !!!

    Well I say NO........ BITE ME..We as Travel Agents will bring back Travel within a Year!! We CANT wait 3-4 Years ..BS to that.. We have out lasted Commission Cuts Y2K.. Sars.... Bird..... Asian... Flu.....

    By , Wednesday, July 29, 2020

Mole Poll
Is Australia overreacting with international travel ban?
yes 49.69 %
no 50.31 %

Thank you for your vote



What is GoodtoGo?

Submit your news
or special offer


Current UK Special Edition



Current US Special Edition



Current Asia/Pacific Special Edition



LATEST 'MOLE VIDEOS

Air Transat are 'over ready' for take off as long as the governments act fast

Craig and Andy of Flexireps explain the range of services they offer and to whom

Visit Brighton launch new 'Never Normal' campaign and look to a post Covid world

PATA UK Chapter Chairman talks about 2021 as the start of the come back for the region

UPCOMING EVENTS
\m