Introduction

The International Civil Aviation Organization (ICAO) recently announced that it expects global air passenger traffic to exceed 2019 levels by 2023. This growth prediction is a sign of the aviation industry’s rebound after the pandemic hit 2020’s air travel numbers. The ICAO’s report highlights the progress the industry has made over the last year and the potential for further expansion in the next few years.

ICAO Forecasts Air Traffic Expansion

The ICAO predicts that the number of passengers travelling by air will reach 4.2 billion in 2023, a 10.2% increase over 2019 levels. This forecast is based on data from the ICAO’s World Air Transport Statistics (WATS), which tracks global air passenger movements. The ICAO’s report also forecasts that air cargo volumes will reach 64.1 million tons in 2023, a 5.2% increase from 2019. This growth is indicative of the recovery of the aviation industry, which has faced steep declines over the past year due to the COVID-19 pandemic.

2023 Traffic to Exceed 2019 Figures

The ICAO’s report shows that air passenger traffic in 2020 was 38.9% lower than in 2019, a significant drop caused by the pandemic’s disruption of global travel. However, the ICAO also predicts that air traffic will begin to rebound in 2021, and will exceed 2019 levels by 2022. This prediction is a positive sign that the aviation industry is beginning to emerge from the pandemic and will be able to regain its pre-pandemic levels of activity.

Aviation Market Rebounding from Pandemic

The ICAO’s report reflects the progress the aviation industry has made over the past year in recovering from the pandemic. The ICAO’s prediction of air passenger traffic exceeding pre-pandemic levels by 2023 is a sign of the industry’s resilience and its potential for further growth in the coming years. With the ongoing rollout of vaccines, the aviation industry can look forward to further expansion in the near future.

Conclusion

The ICAO’s latest report on global air passenger traffic paints a positive picture of the aviation industry’s rebound from the pandemic. The ICAO’s prediction of air traffic exceeding pre-pandemic levels by 2023 is a sign of the industry’s resilience, and indicates that the aviation industry can look forward to further expansion in the near future. With the ongoing rollout of vaccines, the aviation industry can be confident in its prospects for growth in the coming years.