The financial and economic sanctions so far imposed on Russia to force it to end its invasion of Ukraine have not yet had the desired impact. This column argues that cutting off the financing of the Russian aggression is essential and requires immediately banning imports of Russian oil and taxing imports of Russian gas, while cushioning the shock of these measures on
Airline industry sees long-term rebound for sector Today 06:00 am JST Today | 07:01 am JST PARIS
After flying into the financial turbulence of the COVID pandemic, the airline sector expects passenger traffic to take off despite concerns about the industry s impact on climate change.
In its latest look at trends for the sector, the International Air Transport Association (IATA) said it doesn t expect world air traffic to resume to its pre-pandemic level before 2023.
But over 20 years, air traffic should almost double, from 4.5 billion passengers in 2019 to 8.5 billion in 2039.
That is, however, a drop of one billion passengers from IATA s pre-crisis forecast.
Nevertheless that will be good news for aircraft manufacturers, who slowed down production during the crisis as airlines cancelled orders to stay financially afloat.
In its latest look at trends for the sector, the International Air Transport Association said it doesn't expect world air traffic to resume to its pre-pandemic level before 2023.