Airline body IATA now sees industry recovery in 2023

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International Air Transport Association (IATA) Director General Willie Walsh said that overall passenger traffic was picking up faster than expected despite the war in Ukraine and continued restrictions in major aviation market China.

The head of the world's biggest airline trade body has said that the recovery in passenger traffic was accelerating and that on average, the industry could now return to pre-pandemic figures in 2023.The continued easing of Covid-19 related restrictions by governments around the world is releasing demand pent up over the last two years when countries had shut their borders.

Willie Walsh, a former Aer Lingus CEO, said high oil prices and travel disruptions caused by labour shortages had so far not deterred travellers, even though oil prices had probably caused a 10% rise in fares. But he cautioned that passenger traffic in some individual seasons next year could remain lower than prior to the pandemic, while the Asia-Pacific region continues to lag due to ongoing Covid-19 restrictions in major aviation market China

 

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