[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]“That will translate into strong incentives for travellers to take to the skies again,” he added.IATA forecast a rise in 2021 revenue to $598 billion.
Airlines are counting the cost of weeks of lost business, a debt pile swollen by bailouts and a diminished demand outlook.Passenger numbers are seen falling to 2.25 billion this year before rising to 3.38 billion in 2021, still more than 25 per cent below 2019 levels.Yields, a proxy for fares, are seen falling 18 per cent this year, contributing to a $241 billion decline in passenger revenue.