The International Air Transport Association (IATA) has said that global passenger traffic fell by 66% in full-year 2020 while cargo demand declined by 10.6%.
Bracing For A Slower Recovery
IATA said that global airlines are bracing for a slower recovery as governments respond to new COVID-19 variants with more travel curbs.
"Downside Risk"
IATA director general Alexandre de Juniac said that new restrictions now pose a "downside risk" to IATA's forecast return to 50% of pre-crisis passenger traffic levels in 2021.
"Very Challenging"
The clampdown "could make even that modest outlook very challenging", de Juniac said.
News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.
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