Full recovery of global air traffic is expected for 2024

Full recovery of global air traffic is expected for 2024
# 02 December 2021 10:17 (UTC +04:00)

Fitch Ratings has revised its 2021 and 2022 forecasts for global airline traffic downward, APA-Economics reports citing the research of Fitch Ratings.

"The revision is due to a slow rebound in international traffic and still constrained business travel. However, increasing rates of vaccination, a growing number of treatment options and easing of border restrictions across more countries should support an accelerating pace of recovery through 2022 and into 2023. Fitch expects global air traffic to return to pre-pandemic levels in 2024.

Rating implications of a downward revision to our near-term expectations are neutral. Adequate liquidity will enable most carriers to navigate continued volatility in the operating environment, but individual carrier performance through 2024 will differ, due to varying levels of exposure to international routes and business travel," according to Fitch Ratings.

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THE OPERATION IS BEING PERFORMED