A U-shaped recovery likely for air travel sector

“We could see more than half of passenger revenues disappear, ’’ the International Air Transport Association (Iata) director-general Alexandre de Junaic(pic) said.

PETALING JAYA: A sharp V-shaped recovery for the global air sector is unlikely given the severity of the coronavirus disease (Covid-19) pandemic though a U-shaped recovery with domestic travel returning faster than international may be possible.

But a lot depends on how fast the pandemic can be contained and how fast governments react across the globe to open their borders and airspace.