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Brighter skies ahead for global air passenger demand

with Stephen Rooney and Paulos Ashebir Lakew | Online | March 21, 2023

While the economic slowdown is weighing on air passenger demand growth in advanced economies, excess savings will continue to allow realisation and prioritisation of some lingering pent-up demand. Domestic passenger volumes are expected to return to pre-pandemic levels this year in a number of markets, including the US. Growth will now be more evident for emerging markets, and notably for China with a clear timeline for re-opening now established and some uptick in outbound travel demand already evident as a result.