Aviation industry recovery under way despite business travel woes
The “resilient” global airline industry’s recovery from the Covid-19 crisis is “now under way across much of the world”, but business travel “remains more problematic” than leisure travel and some aircraft cabins will need to be reconfigured as a result.
That’s according to a report on the outlook for aviation by accountancy giant PwC. It finds that both orders and deliveries of new fleet will increase this year and end 2022 close to pre-Covid levels, although the combination of a strong US dollar, rising interest rates, inflation and oil price increases will create headwinds for airlines and aircraft lessors.
Globally, air passenger numbers rebounded by an estimated 18 per cent in 2021 from 2020 levels and were still only barely half of the pre-Covid numbers, the…
