Airline industry sees long-term rebound for sector

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The International Air Transport Association said it doesn't expect world air traffic to resume to its pre-pandemic level before 2023

The crowds will come back, eventually, as the number of air passengers is expected to double in the coming two decades.PARIS - After flying into the financial turbulence of the Covid pandemic, the airline sector expects passenger traffic to take off despite concerns about the industry's impact on climate change.

But over 20 years, air traffic should almost double, from 4.5 billion passengers in 2019 to 8.5 billion in 2039.European air lobbies fear summer chaos at airports Airbus has already announced it plans to step up the manufacturing cadence of its best-selling A320 single-aisle aircraft and should reach a record level already in 2023.

As with the September 11 attacks or the global financial crisis of 2007-2009,"the industry will prove resilient again," Darren Hulst, vice president of marketing at Boeing, said last year.Marc Ivaldi, research director at the Paris-based School for Advanced Studies in the Social Sciences, noted that only one percent of the population currently uses air travel.

 

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