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.
Andy Cronin, the company’s CEO, said in a statement that China would serve as the main driver, helping push up global activity after “a pandemic-driven two-thirds drop in traffic.”
China scrapped its quarantine requirements last week after three years, prompting businesses around the world to prepare for the return of the world’s largest outbound travel market.
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.
