News24
14 May 2020, 01:44 GMT+10
Demand for air travel will lag behind pre-coronavirus forecasts for at least five more years, according to the latest projections from the International Air Transport Association.
Global traffic, or the number of passengers carried times the distance flown, will still be about 10% below original estimates in 2025, Brian Pearce, the trade group's chief economist, said in a media briefing on Wednesday.
Traffic next year will be down between a third and two-fifths from projections made prior to the pandemic, according to IATA, which doesn't see travel recovering to last year's levels until 2023 at the earliest. Pearce said he expected a rebound in demand to come about two years after an upturn in GDP, partly due to the increased inconvenience of travel.
IATA said underlying drivers behind a decades-long boom in air travel - chiefly improved living standards in emerging markets - remain solid and will ultimately spur demand.
Alexandre De Juniac, IATA's chief executive officer, said the industry lobby and its members are completely opposed to the imposition of quarantine measures for people arriving in countries such as the U.K. and Spain.
"International travel cannot restart under such conditions," De Juniac said, citing a study that found 59% of people wouldn't fly under such conditions. A globally coordinated bio-security system including temperature checks and contract tracing would manage the risk, he said.
Get a daily dose of Irish Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Irish Sun.
More InformationWASHINGTON, D.C.: Ten Democratic lawmakers in the U.S. House of Representatives have asked the Pentagon to reduce military training...
TORONTO, Canada: An initial investigation into last month's dramatic Delta Air Lines crash-landing in Toronto has revealed that the...
NEW YORK CITY, New York: New York State's highest court has struck down a law this week that would have allowed over 800,000 legal...
The death toll in Gaza on the weekend has passed 50,000, local health authorities have reported. What started the carnage was the Hamas-led...
WASHINGTON, D.C.: The U.S. Department of Agriculture (USDA) has announced plans to invest up to US$100 million in research to develop...
WASHINGTON, D.C.: The U.S. Department of Health and Human Services (HHS) has removed a 2024 advisory from its website that called gun...
DUBLIN, Ireland: In 2024, thousands of jobseekers saw their welfare payments reduced for not fully engaging with employment support...
DUBLIN, Ireland: Ireland's Finance Minister Paschal Donohoe has warned that an escalating trade war between the European Union and...
DUBLIN, Ireland: Ireland has risen two places to become the 15th happiest country in the world, according to the World Happiness Report...
BRUSSELS, Belgium: The European Union is set to tighten steel import quotas starting in April, reducing inflows by 15 percent to prevent...
DUBLIN, Ireland: Ireland's property prices continued their upward trend, rising by 8.1 percent in the 12 months leading to January...
Karachi [Pakistan], March 26 (ANI): Pakistan International Airlines (PIA) has issued a statement clarifying the current status of its...