Hong Kong CNN —Global air traffic will boom this year, returning to pre-pandemic levels in June, according to a new report.
On Monday, international aircraft leasing company Avolon said it expected a full recovery in passenger traffic over the coming months, led by the reopening of markets in Asia, especially China.
The news has further brightened the outlook for the aviation sector, which already experienced “a 70% recovery in passenger traffic last year led by recovery in Europe and North America,” Avolon noted.
Currently, global air traffic has resumed to approximately 75% of November 2019 levels, IATA said last week.
“Demand for travel is no longer the constraint to recovery, but airlines’ capacity to put planes in the air,” Avolon said in its statement.