ACI World projects that global air travel will nearly return to pre-pandemic levels by the end of 2023, with all regions expected to reach this milestone by 2024.
Soaring fuel costs, sustainability requirements and poor financial condition of airline companies may inevitably lead to higher ticket fares, according to IATA Director General Willie Walsh.
Global air travel was back on track in June reaching 70.8% of pre-Covid-19 levels and driven by strong passenger demand despite the challenging times for the sector.
IATA revised upward its outlook for the industry’s 2022 financial performance adding however that key challenges ahead will include soaring fuel prices.
Air travel in European countries recorded growth in February 2022, despite Covid-19 disruptions, according to the International Air Transport Association (IATA).
