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. SEE ALSO: Golf resumes but with but unexpected surprises“The second half of this year will see a slower recovery than we’d hoped,” IATA Chief Economist Brian Pearce said. “That is clearly going to be an issue with the recovery.” Recovery prospects are weakened by the spread of COVID-19 in the United States and developing countries together representing 40% of global air travel, IATA said. “It will remain to be seen whether we see a recovery to pre-crisis business travel patterns,” Pearce said.

Source: Standard Digital July 29, 2020 06:00 UTC