Originally Posted by
Wilfortina
As someone who hasn’t been in the industry for a downturn, I don’t have much to compare this to. Are we looking at another lost decade here? I know there were a lot of factors that contributed to it last time, but if what I hear is right, this drop in passengers was quicker, deeper, and slower to recover than 9-11
First of all, welcome to the suck. We’re glad to have you.
U.S. passenger traffic will recover faster than international. IATA’s 5 year prediction to return to 2019 numbers globally is probably reasonable. Remember the lost decade was exacerbated by age 65. Provided they leave the retirement age alone and the global Ponzi scheme falsely marketed as capitalism doesn’t collapse this should be a lost half decade.