The total recovery of the airline industry could be delayed until 2023. Reaching in December of that year only 79.59% of the levels registered before the pandemic.
According to the latest report from the consulting firm Bain & Company. The delay would occur due to the slow global distribution of vaccines against covid-19. The increase in infections and the imposition of quarantines.
The consultancy based in Boston, Massachusetts, pointed out that, if the health emergency due to the virus had not occurred, the airline industry would have registered a growth of 17% by the beginning of 2024, compared to January 2019. If the distribution of the vaccine was on time, the scenario would be different for the industry, achieving a recovery of 92.43% by December 2023.
Also, Bain & Company indicated that airline profits will continue to be well below their previous levels. In 2019, they made $ 666 billion in revenue, and by 2021 they are expected to make about $ 337 billion if current conditions continue.
In this sense, the consulting firm also explained that the best recovery rates will be seen in Asia where China will only be 10% below the passenger levels registered in July 2019, India will be 23% below. While the United States will be 43% below the levels of 2019, according to figures from the consultancy.
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