Out of the abyss: ACI World outlines “at least three years” post-COVID-19 traffic recovery
“We are looking at something like a quasi-U-shaped-L-shaped recovery. It will take at least three years to get back to 2019 levels. Some regions will take even longer, but we expect Asia Pacific to recover faster.”
The views of Airports Council International (ACI) World Economics Director Patrick Lucas, outlined during Duty Free World Council’s (DFWC) Planning to Restart webinar yesterday, underline the gravity of the COVID-19 pandemic’s impact on global passenger traffic and the difficult road that lies ahead.
Lucas said: “Many aviation economists thought at first that COVID-19 would resemble SARS where you had a six-month episode and then a bounce back. We now know that is definitely not the case.