Already Weak, Air Travel Demand Is Fading. And Pent-Up Business Travel Demand Will Be Soft Whenever It Arrives

Already Weak, Air Travel Demand Is Fading. And Pent-Up Business Travel Demand Will Be Soft Whenever It Arrives

Business travelers like this woman, are traveling again, but in smaller numbers than previously ... [+] expected, and even after a Covid-19 vaccine is approved and in wide distribution, they're not expected to return in kind of volumes seen before the pandemic.



getty

The global decline in air travel will be worse than previously forecast and a new report on corporations' plans travel through 2021 shows that the recovery of business travel demand will continue be sluggish even after the anticipated approval of one or more Covid-19 vaccines in, hopefully, the first half of 2021.

The International Air Transport Association, the airline industry's global trade group, said Tuesday that global passenger traffic this year will be down a whopping two-thirds - or 66%