The International Air Transport Association (IATA) announced on Tuesday that it will take until 2024 for world air traffic to return to its pre-crisis state. This is mainly due to the uncertainty surrounding the opening of borders, which is affecting international travel.
“We now estimate that the 2019 (traffic) level will not be reached until 2024, a year later than we had previously predicted,” said Brian Pearce, finance manager of the International Air Transport Association.
He cited a slower-than-expected recovery of traffic in May and June and the remaining uncertainties over the lifting of border restrictions.
In mid-July, IATA CEO Alexandre de Juniac urged passengers to accept assets rather than a refund to save the companies, whose budgets are at rock bottom due to the Coronavirus crisis.
Airlines are “on their knees” to help passengers by accepting credit notes rather than seeking refunds for flights cancelled during the health crisis, he said.