FRANKFURT, Germany — Global air travel is recovering more slowly than expected and it will take until 2024 to return to pre-pandemic levels, the trade association for the airline industry said Tuesday.
The industry is seeing a rebound from the depths of the shutdowns in April, but the bad news is that any increase “is barely visible,” IATA chief economist Brian Pearce said during an online briefing for journalists. That improvement is “nowhere near the increase in business confidence,” Pearce said. China is bouncing back more than some other places, while an upturn in the U.S. has been knocked back by the recent upsurge in COVID-19 cases in a number of states.
“Furthermore, there is little sign of virus containment in many important emerging economies, which in combination with the U.S., represent around 40% of global air travel markets," IATA said in a statement."Their continued closure, particularly to international travel, is a significant drag on recovery.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global air traffic won't return to pre-crisis level before 2024: IATAGlobal air traffic will not return to levels seen before the coronavirus pandemic until at least 2024, the International Air Transport Association said on Tuesday. Uncertainty about the timing of border reopenings is the main factor, IATA's chief economist Brian Pearce told a news conference.
Source: YahooSG - 🏆 3. / 71 Read more »
Digitalisation of local SMEs could add up to US$24b to GDP by 2024: surveyHIGHER revenue and productivity gains from digital transformation by small and medium-sized enterprises (SMEs) could add as much as US$24 billion to Singapore's gross domestic product (GDP) by 2024, helping the country rebound from the Covid-19 pandemic. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Air pollution 'greatest risk' to global life expectancyAir pollution cuts life expectancy for every man, woman and child on Earth by nearly two years, according to data released Tuesday which experts ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Air pollution 'greatest risk' to global life expectancyPARIS (AFP) - Air pollution cuts life expectancy for every man, woman and child on Earth by nearly two years, according to data released Tuesday (July 28) which experts said showed poor air quality is 'the greatest risk to human health'.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Wilber Pan Announces Marriage To Insta-Famous Chinese Air Stewardess Girlfriend
Source: TODAYonline - 🏆 1. / 99 Read more »
Li Ronghao Surprised Rainie Yang With Five Air Con Units After She Casually Mentioned That It Was Hot On Set
Source: TODAYonline - 🏆 1. / 99 Read more »