IATA says airline traffic recovery to take longer than expected

Credit: REUTERS/DENIS BALIBOUSE

PARIS, July 28 (Reuters) - Global airlines cut their coronavirus recovery forecast on Tuesday, saying it would take until 2024 - a year longer than previously expected - for passenger traffic to return to pre-crisis levels.

In an update on the crisis which has led to a collapse in travel demand, the International Air Transport Association cited slow virus containment in the United States and developing countries, and a weaker outlook for corporate travel outlook.

(Reporting by Laurence Frost, Editing by Tim Hepher)

((tim.hepher@thomsonreuters.com; +33 1 49 49 54 52; Reuters Messaging: tim.hepher.thomsonreuters@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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