IATA Sees Recession Resulting in Slow Airline Recovery | Aviation International News

IATA Sees Recession Resulting in Slow Airline Recovery

The International Air Transport Association calls for so-called confidence-boosting measures to attract passengers.

By Gregory Polek • Senior Editor

April 21, 2020

The International Air Transport Association sees a “relatively modest” industry recovery in the third quarter of the year, given indications of tepid consumer confidence even as the Covid-19 crisis subsides in Australia, for example. According to IATA chief economist Brian Pearce, surveys show that more than 40 percent of would-be airline passengers would delay traveling for six months or more following the lifting of Covid-19-related restrictions, pointing to a slow return of demand in an industry that now has seen traffic decline 80 percent from its pre-Covid peak.

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