Downside bias: Ryanair passenger aircraft are seen on the London Stansted Airport tarmac. The Bloomberg World Airlines Index has sunk 12% since Feb 10, with European carriers like Ryanair declining twice as much. — Bloomberg
LONDON: The International Air Transport Association (IATA) sees air passenger numbers exceeding pre-Covid levels by 2024, even as the near-term impact from Russia’s war in Ukraine mounts.
North American air travel is expected to reach a full recovery next year, ahead of other regions, thanks to the strong United States domestic market, according to the group representing major network carriers worldwide. Europe should rebound in 2024.
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