Airline Group Expecting Coronavirus Ramifications For Five Years

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A trade group representing airlines projects that demand for air travel will lag behind the levels predicted before the coronavirus pandemic for the next five years.

Brian Pearce, chief economist for the International Air Transport Association (IATA), said in a media briefing Wednesday that the group predicted global traffic will still be about 10 percent less than original estimates as late as 2025.

The difference between next year’s older and current projections for next year is steeper, with IATA predicting traffic will be between one-third and 20 percent down from initial pre-pandemic projections, Bloomberg reported.

Read more at The Hill.

{Matzav.com}

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