CAPA’s World Aviation Summit – CAPA Think Tank: looking forward into 2024 and beyond

Over the past three years the aviation industry has been constantly looking back to life before the COVID-19 pandemic hit the world.

And why wouldn't it? The 2000s can be fairly described as a strong decade for global aviation, with an additional 1.8 billion annual passengers taking to the air by the end of the decade.

Annual traffic had risen from 2.67 billion in 2010 to 4.46 billion in 2019 and the stable operating environment provided a platform for airlines to deliver stronger financial performance.

After constantly comparing the weaker performance of 2020, 2021 and 2022 with pre-pandemic data and highlighting the gradual recovery of air transportation, now is the time to stop looking back and start looking forward and not lose sight of the challenges that lay ahead as 2024 becomes the new baseline year for air travel.