The International Air Transport Association Predicts a Recovery in Airline Travel
The Numbers
The International Air Transport Association (IATA) said airlines expect to carry 4.35 billion passengers worldwide this year, close to the pre-pandemic record of 4.54 billion passengers in 2019.
Reasons for Recovery
The International Air Transport Association said the recovery is due to China reopening its borders and expects airlines to make profits that could be around $10 billion in 2023, doubling previous expectations.
Positive Forecast
IATA cut its 2022 loss estimate by 50% to $3.6 billion.
As the world slowly reopens its borders and vaccinations become more widespread, the International Air Transport Association (IATA) is predicting a recovery in airline travel. The IATA has estimated that airlines will carry 4.35 billion passengers worldwide this year, which is close to the pre-pandemic record of 4.54 billion passengers in 2019.
The recovery is largely due to China reopening its borders. The IATA is expecting airlines to make profits that could be around $10 billion in 2023, which is double the previous expectations. This is a positive sign for the airline industry, which has been hit hard by the pandemic.
The IATA’s positive forecast is also reflected in its 2022 loss estimate, which has been cut by 50% to $3.6 billion. This is a significant improvement from the $7.4 billion loss estimate for 2021.
