Business
Global air travel demand won’t recover to pre-coronavirus levels till at least 2023 – Moody’s – RT
Airline passenger numbers are not expected to recover to the levels before the Covid-19 pandemic, which resulted in nationwide shutdowns around the world, for at least three years, Moody’s Investors Service warns.
The drop in demand could last even longer as the recovery depends on how fast health and safety concerns are relieved, according to the agency’s recent research. Noting the rising number of infections across the US, Moody’s analysts said that passenger demand “may ultimately align with its slower recovery case, or worse,” if strict quarantine measures are reinforced.
Airlines saw demand plunge by more than 90 percent shortly after the pandemic struck. Given that the industry supports economic a…
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