In May 2020, we began making regular forecasts of how soon aviation demand would recover from the effects of the Covid-19 pandemic. Now, even as the pandemic’s impact on air travel diminishes, inflation and lower disposable incomes have emerged as constraints on future growth. Meanwhile, the effect of the airline industry’s CO2 mitigation costs has already begun to reshape medium- to long-term demand.
We’ve developed this next generation of our model to take these new factors into account, and we’ve extended our forecast to the end of the decade. We intend to publish regular updates using the latest information.
Here is the outlook as of the first quarter of 2023:
- Air travel demand remains on pace to surpass…
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