The current turbulent economic environment is undoubtedly adding fresh challenges for aviation, an industry still recovering from the devastating impacts of COVID-19. Operating on reduced margins and with an ambitious carbon net-zero goal by 2050 to achieve, can the industry feasibly ensure its success and long-term growth post-pandemic?
We believe that growth and an environmentally sustainable industry are not mutually exclusive, but to achieve both, we need to start now.
Aviation’s recovery and the benefits to the global economy
SITA data shows that the industry’s recovery in 2022 is underway: in 2021, global air traffic was at 64% of pre-COVID levels for 2019, but still up 18% on figures for 2020. The signs are encouraging for 2022 and beyond. But what is also clear is that airlines face another year of dealing with adverse economic shocks, placing increasing pressures on their costs and activities. In 2021, the pandemic’s impact resulted in…
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