(CNN) — Global air travel won't recover from the Covid-19 crisis until 2024, the International Air Transport Association (IATA) announced Tuesday. The revised baseline forecast is that international passenger traffic will drop 55% in 2020, compared to 2019. Unsurprisingly, short-haul travel is expected to recover faster than long-haul -- due to passenger comfort levels, but also because international markets remain largely closed. "All of this points to a longer recovery period and more pain for the industry and the global economy." With airlines struggling financially, governments will need to continue relief measures to stop carriers going under, said the airline body.

Source: CNN July 29, 2020 11:26 UTC