Health
Domestic travel to return much faster than international travel
Global airline passenger traffic will not return to pre-COVID-19 pandemic levels by 2024, a year longer than previously thought, the International Air Transport Association (IATA) announced in a new forecast on Tuesday .
Passenger traffic, which makes up the number of passengers and the distance they travel, has dropped over 86% in June, during the year. The total number of passengers boarding aircraft in 2020 is expected to fall 55% compared to last year, worse than the 46% drop that IATA expected in April.
The trade association cited the “slow” control of the virus in developing countries and the United States, which together represent about 40% of the global air travel market, for bleak forecasting. In a series of quarterly earnings releases last week, top U.S. airline executives showed an increase in U.S. COVID-19 cases for a new demand collapse, USA Today reported.
Companies are also cutting their travel budgets in favor of continuing virtual meetings. Consumer confidence in air travel has not recovered, as rising unemployment and health risks outweigh the desire to travel. IATA said last-minute travel restrictions, such as Saturday’s quarantine order in Britain for travelers coming from Spain, are not helping.
Demand for shorter flights is expected to recover faster than long haul. Chinese carriers are leading a dubious recovery in domestic passenger traffic, according to IATA. At least eight Chinese airlines have launched free campaigns, all you can fly and collaborations to revive travel in the country, AFP reported.
IATA Director-General and CEO Alexandre de Juniac denounced “the opening of confidence in the destruction of the start of the ban and the quarantine of the murder claim”, in a call for “targeted and predictable” approaches to travel during the pandemic.
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