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.
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.
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The clampdown "could make even that modest outlook very challenging", de Juniac said.