Avolon: passenger traffic back at 2019 levels by June

Global passenger air traffic will reach 2019 levels already by June this year, driven by the strong recovery of Asia Pacific and, in particular, China. “Despite the implementation of testing requirements, reopening of the world’s second-largest aviation market will drive a rapid uptick in air travel”, lessor Avolon says in its 2023 outlook that was published on January 16. Avolon: passenger traffic back at 2019 levels by June.

With this forecast, Avolon is slightly more optimistic than airline association IATA, which said in December that the industry will recover to 2019 levels by 2024, citing travel restrictions, fuel prices, depreciation of the US dollar, and the effects of a mild recession as factors that impact the recovery pace.