IATA labels 2020 as the worst year in history for Air Travel
The International Air Transport Association (IATA) labels 2020 as the worst year in history for its travel after announcing the full-year global passenger traffic results for 2020.
Demand (revenue passenger kilometers or RPKs) fell by 65.9% compared to the full year of 2019 which the sharpest traffic decline in aviation history.
International passenger demand in 2020 was 75.6% compared to 2019 levels while domestic demand in 2020 was down 48.8% compared to 2019.
IATA’s forecast for the year 2021 is for a 50.4% improvement on 2020 demand that would bring the industry to 50.6% of 2019 levels.
There’s still further risk that the demand may go down further with new travel restrictions or may show improvement as vaccination has been started in many countries worldwide.