Airline body IATA sees industry recovery now in 2023

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RIYADH — The head of the world's biggest airline trade body said on Monday (May 9) passenger traffic was recovering faster than expected and that, on average, the industry could now see those figures return to pre-pandemic levels in 2023, a year earlier than expected.

The easing of Covid-19 related restrictions around the world has released demand pent up over the last two years when governments shut their borders, leading to a jump in flights.

"We're seeing very strong bookings. Certainly all the airline CEOs that I'm talking to are seeing not just good demand for near-end travel but they continue to see demand as they looked through the year," he said at a conference in Riyadh. But he said that overall, given the current accelerated pick up in passenger traffic, the industry could reach pre-pandemic passenger figures next year, helped by a strong summer in 2023.

 

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