OPINION

When, how will air travel recover?

Oped, Alexey Semakov & Allan Schulte, Published on 06/07/2023

» Global commercial air travel demand reached 90% of pre-Covid levels in May 2023, according to Bain & Company's Air Traffic Demand Forecast Model. A complete rebound is anticipated in the first half of 2024, primarily driven by the resumption of Chinese air travel. However, current recovery trends may be dampened by the evolving macroeconomic environment. A potential recession and rising inflationary pressure could adversely affect leisure travellers' disposable income in the next two years and delay full air travel recovery.