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Airline industry sees long-term rebound for sector


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. ....

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