Business
Airlines less hopeful on COVID-19 recovery, expect to suffer for years – Sydney Morning Herald
Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 for passenger traffic to return to pre-crisis levels. And business travel volumes may never come back.
Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 – a year longer than previously expected – for passenger traffic to return to pre-crisis levels.
In an update on the pandemic’s crippling impact on air travel, the International Air Transport Association (IATA) cited slow virus containment in the United States and developing countries, and a weaker outlook for corporate travel.
Lingering travel barriers and new restrictions in some markets are a…
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