07/12/2022
The global COVID-19 pandemic has had an enormous and unprecedented impact on the with a decrease of 65.8% in annual Revenue Passenger Kilometers (RPKs) between 2019 and 2020, moving it back to 1999 levels.
As of September 2022, global RPKs still had some distance to go to full recovery, standing at 74% of pre-pandemic levels (compared to September 2019).
While the industry’s recovery from the global pandemic has been slowed down by various factors such as the war in Ukraine and a continued zero-COVID policy in China P.R., IATA Economics expect the industry to recover to the 2019 traffic level in 2024.
Should that forecast prove to be accurate, the industry will have recovered from its worst crisis in history within 4 years, with a rate of recovery 5 times faster than the growth observed in the past 20 years – a phenomenal achievement compared to past recoveries and given the severity of the contraction.
Learn more about the recovery and historical growth trends in the 👉
https://bit.ly/3XQxa7q
