On Monday, international aircraft leasing company Avolon said it expected a full recovery in passenger traffic over the coming months, led by the reopening of markets in Asia, especially China. Andy Cronin, the company’s CEO, said in a statement that China would serve as the main driver, helping push up global activity after “a pandemic-driven two-thirds drop in traffic.
said last week. Asia Pacific airlines stood out in the latest global numbers, enjoying a nearly 374% “rise in November traffic compared to November 2021, which was the strongest year-over-year rate among the regions,” the association added. ’s latest industry forecast, issued in December, is more conservative than Avolon’s, with worldwide passenger demand “expected to reach 85.5% of 2019 levels over the course of 2023.” But as passengers continue to come back, experts warn the industry is facing another challenge. “Demand for travel is no longer the constraint to recovery, but airlines’ capacity to put planes in the air,” Avolon said in its statement.
I bet Unkel Klaus is extremely displeased with this news.