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Friday, February 19, 2021 2:55:43 PM
This just hit my email>>>
The beleaguered aviation industry will stage a comeback this year, but the road to recovery will be a long one, according to a recent lead story in The Kiplinger Letter. Global air travel demand won’t reach pre-COVID levels until 2022 at the earliest, and maybe not until 2023 or 2024. That’s despite the tailwinds of many effective COVID-19 vaccines and significant, pent-up demand for air travel. U.S. air travel volumes are still half normal levels and aren’t expected to pick up until later in 2021. Expect the recovery to be uneven. Demand for domestic travel will soar as the pandemic wanes in some countries, but international travel will be much slower to bounce back. Likewise, leisure travel will outpace business travel.
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