DOHA - Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry's return to profit is"within reach" in 2023 despite ongoing uncertainty, the International Air Transport Association said on Monday.
The aviation industry was sent reeling by the pandemic, with passenger numbers plunging 60 percent in 2020 and remaining 50 percent down in 2021. Airlines lost nearly $200 billion over two years. More than 1,200 aircraft are expected to be delivered in 2022, while cargo volumes should reach a record 68.4 million tonnes"despite economic challenges", it added.
Cracks are already showing in the sector's recovery, though industry figures are optimistic about the future despite the issues.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Good season forecast as hospitality industry shows signs of recoveryThe apparent fading of the pandemic and the war in Ukraine make SA an attractive destination for foreign tourists. They want to visit Phala Phala game farm 😂🤣😂🤣
Source: SundayTimesZA - 🏆 47. / 51 Read more »