Originally Posted by
chrisreedrules
But I seem to see a whole lot of “hopium” being espoused on the line. IATA just revised its forecasted recovery for 2020 to 13% above 2020 levels rather than the 50% it prognosticated prior.Things are literally going from bad to worse as there are now more travel restrictions than there were in 2020. We’ll see some kind of recovery domestically by summer 2022 is my guess. Internationally who knows... 2024? 25? Countries will be in various stages of fighting the virus for a few years and there won’t be much uniformity in the government response to it.
When the government money runs out (and it will) then look out. Shake ups coming.
Your statement is incorrect.
Here's the ACTUAL forecast, quoted from their own website today, February 16th:
- IATA’s baseline forecast for 2021 is for a 50.4% improvement on 2020 demand that would bring the industry to 50.6% of 2019 levels. While this view remains unchanged, there is a severe downside risk if more severe travel restrictions in response to new variants persist. Should such a scenario materialize, demand improvement could be limited to just 13% over 2020 levels, leaving the industry at 38% of 2019 levels.