TBM Staff - Mumbai According to the International Civil Aviation Organization, passenger air traffic levels in the first quarter of 2024 are projected to be approximately 2% higher than those in 2019. Airlines are anticipated to maintain the operational profitability they achieved in 2023.
“The commitment of ICAO’s member states to aligning their pandemic responses with the guidance developed by the ICAO Council has been crucial to the recovery of their air services,” said Salvatore Sciacchitano, Council President, ICAO . “The implementation of ICAO’s post-pandemic guidance is now equally crucial to ensuring the resilience and sustainability of this recovery.”
Demand this year is forecast to be around 3 per cent above 2019 levels, and could reach 4 per cent if the pace of recovery strengthens in the routes that have not yet reached pre-pandemic levels.
This translates to a compound annual growth rate of around 0.5 per cent over the 2019-24 period.
