Grim outlook for international travel

 

 

The world's leading travel body has delivered its latest grim outlook on when international air travel will properly recover, predicting it won't be at pre-COVID levels until 2024.

The International Air Transport Association, which made the prediction, said uncertainty about the timing of border reopenings is the main factor weighing on international traffic.

Slow virus containment in the US and developing economies, reduced corporate travel and weak consumer confidence are also being blamed for the more pessimistic outlook.

"Passenger traffic hit bottom in April, but the strength of the upturn has been very weak. What improvement we have seen has been domestic flying. International markets remain largely closed," IATA CEO Alexandre de Juniac said.

"Consumer confidence is depressed and not helped by the UK's weekend decision to impose a blanket quarantine on all travellers returning from Spain. And in many parts of the world infections are still rising.

"All of this points to a longer recovery period and more pain for the industry and the global economy."

 

Originally published as Grim outlook for international travel



REVEALED: The 29 projects on council’s advocacy list

Premium Content REVEALED: The 29 projects on council’s advocacy list

Ahead of the launch of the advocacy document, the NewsMail can reveal the...

ONE YEAR ON: State of play since decision to lower spillway

Premium Content ONE YEAR ON: State of play since decision to lower spillway

For North Burnett citrus growers, Hamish and Megan McDonald, the announcement...

Election race: Batt’s $200K promise for local club

Premium Content Election race: Batt’s $200K promise for local club

Batt announces $200,000 investment to upgrade the Bundaberg Race Club facilities...