AAirlines

IATA sees industry recovery now in 2023

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The head of the world’s biggest airline trade body said on Monday passenger traffic was recovering faster than expected and that, on average, the industry could now see those figures return to pre-pandemic levels in 2023, a year earlier than expected.

The easing of COVID-19 related restrictions around the world has released demand pent up over the last two years when governments shut their borders, leading to a jump in flights.

→ Global airline capacity hits 2022 high.

International Air Transport Association (IATA) Director General Willie Walsh told Reuters the near-term outlook remained positive even as the aviation industry faces new headwinds such as high oil prices, inflation and workforce shortages.

“We’re seeing very strong bookings. Certainly all the airline CEOs that I’m talking to are seeing not just good demand for near-end travel but they continue to see demand as they looked through the year,” he said at a conference in Riyadh.

Many regions are expected to perform better this year, though Walsh cautioned that he did not expect a quick recovery in Asia-Pacific, citing restrictions in China as it pursues a zero-COVID policy.

“I don’t think we should be distracted from the fact that we are seeing a strong recovery and I think that recovery will gather momentum as we go through the rest of this year into 2023.”

Plataforma Informativa de Aviación Comercial con 13 años de trayectoria.

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