Global aviation recovers faster than expected

With trade and travel demand booming again after COVID-19, the industry air The international population is also witnessing a strong push.

In early March, IATA still forecast that the civil aviation industry would only be able to grow to pre-pandemic levels by 2024. However, after only two months, the agency decided to adjust its forecast early. more than 1 year, up to 2023.

The fact that many countries have lifted travel restrictions related to COVID-19 has contributed to a sudden spike in aviation demand, evident in the “revenge travel” trend of people after the pandemic.

The lifting of travel restrictions related to COVID-19 by many countries has contributed to a spike in aviation demand. (Illustrated image – Photo: Getty Images)

“What we can clearly see right now is that the demand is very strong. Even if fares go up and there are some flight disruptions, this does not stop people from wanting to travel.” Mr. Willie Walsh, General Director of the International Air Transport Association (IATA), assessed.

The situation is forecasted to be even more positive during the summer – the peak tourist season in many European countries. Some low-cost airlines even said that they expected to operate the number of flights at pre-pandemic levels from this point on.

“We’re pretty confident it’s going to be a successful summer. It’s looking brighter than it’s been since the pandemic. We’re also ready to deal with rising fuel prices. high,” said Jozsef Varadi, CEO of Wizz Air.

IATA leaders and airlines both acknowledged that the inflationary impact from high fuel prices will be a key challenge in the rest of the year, along with difficulties from the war in Ukraine or blockade orders against the epidemic. of China.

However, IATA is still confident that the uptrend in demand will remain stable this year, along with investment is returning to the aviation industry – a positive signal after more than 2 years of difficulties due to the epidemic. .

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