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Saturday, December 2, 2023

Airlines to Recover after a “Longer and Deeper Crisis” in 2021

Company Debt published exclusive insights about air traffic amidst the pandemic.

As airlines brace for a deep and long crisis, recovery is on its way: domestic flights are to rise quickly as a result of accumulated savings by many families during the pandemic. These may even reach 96% of Pre-COVID levels by the end of the year.

  • IATA, the International Air Travel Association, has warned that 2021 will mean global losses of $47.7bn for airlines.
  • January and February figures were down 86.6 percent on 2019 levels.
  • Airline Industry Debt could rise to $550bn by end of the year.
  • The second half of the year will see improved passenger levels, as a result of vaccination progress in developed countries.
  • Domestic flights may reach 96% of pre-COVID levels by the end of the year.

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