IATA: Growth outcomes in 2021 will be weighed down by the very weak start to the year
IATA chief economist Brian Pearce, speaking at CAPA Live January 2021, stated (13-Jan-2021) "if we look at what's been happening over the last six months, what started in the summer as a recovery in global air travel completely stalled", adding: "after the August COVID-19 numbers, we've just seen global passenger kilometres flown flatlining, and indeed there's been some deterioration". Mr Pearce noted "the consequence for average 2021 outcomes, growth outcomes in particular, is going to be weighed down by the very weak start to the year". He explained: "We've found that the control of the virus was much more difficult than had been expected in the summer, outside of Asia, and we've seen this very severe second wave in Europe and a very severe third wave in North America, which has caused travel restrictions to be reimposed". Mr Pearce concluded: "This of course stopped the recovery we saw in air travel and has meant such a weak start to this year".