Recent data from Boeing, the world’s largest aerospace company, suggests that a strong recovery for business airline travel is already underway, despite the global pandemic.
Researchers of the study predict that business travel is expected to continue increasing while tourist travel will remain low until the pandemic subsidies. The study predicts that airline travel is likely to return to pre-pandemic levels within the next three years.
The report mentions several other incidents such as 9/11 and the Great Recession that caused similar shocks within the airline industry, but which subsequently recovered fully with time.
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Sources:
Pilot and Technician Outlook 2020-2039. October 2020, Boeing.
