Aviation industry recovery under way despite business travel woes
The “resilient” global airline industry’s recovery from the Covid-19 crisis is “now under way across much of the world”, but business travel “remains more problematic” than leisure travel and some aircraft cabins will need to be reconfigured as a result.
That’s according to a report on the outlook for aviation by accountancy giant PwC. It finds that both orders and deliveries of new fleet will increase this year and end 2022 close to pre-Covid levels, although the combination of a strong US dollar, rising interest rates, inflation and oil price increases will create headwinds for airlines and aircraft lessors.
Globally,