Airline body IATA sees industry recovery now in 2023

RIYADH, Saudi Arabia: The head of the world's biggest airline trade body said on Monday 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.

International Air Transport Association Director General Willie Walsh told Reuters the near-term outlook remained positive even as the aviation industry faces new headwinds such as high oil prices, inflation and workforce shortages. Many regions are expected to perform better this year, though Walsh cautioned that he did not expect a quick recovery in Asia-Pacific, citingBut 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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