Global passenger traffic is not going to return to pre-COVID-19 levels until 2024. And this is going to happen a year later than was projected previously. The International Air Transport Association (IATA) has released an updated global passenger forecast showing that the recovery in traffic has been slower than had been expected. As per the forecast, the recovery in short haul travel is still expected to happen faster than for long haul travel. Recovery to pre-COVID-19 levels, however, will also slide by a year from 2022 to 2023. For 2020, global passenger numbers (enplanements) are expected to decline by 55% compared to 2019. While in April, the forecast was of 46% decline. Obviously, things have gone worse. June 2020 passenger traffic foreshadowed the slower-than-expected rec...
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