Global airlines less hopeful on COVID-19 recovery – ZAWYA

Global airlines less hopeful on COVID-19 recovery – ZAWYA

Global airlines less hopeful on COVID-19 recovery Lingering travel barriers and new restrictions in some markets are also weighing on nearer-term prospects    Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. Image used for illustrative purpose. PARIS - 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 pandemic's crippling impact on air travel, the International Air Transport Association (IATA) cited slow virus containment in the United States and developing countries, and a weaker outlook for corporate travel.Lingering travel barriers and new restrictions in some markets are also weighing on nearer-term prospects, IATA said, cutting its 2020 passenger numbers forecast to a 55% decline - sharper than the 46% drop predicted in April.In an update on the pandemic's crippling impact on air travel, the International Air Transport Association (IATA) cited slow virus containment in the United States and developing countries, and a weaker outlook for corporate travel.PARIS - Global airlines cut