Air travel will not be back to normal levels for at least three years, the Government’s independent forecaster has said, as it warned the industry of a slowdown similar to the aftermath of 9/11.
The Office for Budget Responsibility said it may take until the 2024-25 financial year for air passenger traffic to reach its pre-pandemic levels – the same length of time it took passengers to have confidence in airlines after the Twin Towers attack in 2001.
“We continue to expect a gradual recovery in passenger numbers, similar in pace to that observed in the wake of the 9/11 terrorist attacks in the US, where US air passengers only exceeded pre-attack levels three years later,” the forecaster said.
The OBR’s fiscal outlook revised its expectation of traffic reaching its “new normal” to one year later than expected.
Air passenger duty, a tax on flight travel, has been hit harder than any other source of revenue to the Treasury, with the Government receiving £3.4 billion less in 2020-21 than was predicted at the beginning of the year.
Ministers have warned the public that foreign holidays may not go ahead this year.
The resumption in air travel for business and leisure heavily depends on the success of the Covid-19 vaccine rollout.
While no firm plans have yet been announced, it is expected that some form of vaccine “passport” or certificate will be required for foreign travel, as other countries attempt to restrict imports of the virus from holidaymakers.
Matt Hancock, the Health Secretary, has repeatedly said he looks forward to a “great British summer”, which many have interpreted to mean that only UK-based holidays will be feasible.
Any foreign holidays are banned until at least May 17 by law under the Government’s roadmap for the ending of lockdown restrictions.
Source: Telegraph UK
more recommended stories
Domingo Dzul Poot, the dean of Maya storytellers, dies at 94
Merida, Yucatan, (July 28, 2021).- The State.
First shipments with humanitarian aid from Mexico set sail for Cuba
MEXICO, (July 28, 2021).- This week,.
So far this year, a total of 21 homicides have been officially registered in Yucatan
Merida Yucatan; July 289, 2021 (ACOM) .-.
Casa Itzamná will instruct in the sustainable management of the Melipona bee in Cobá, Quintana Roo
Tulum, Quintana Roo, (July 28, 2021).
The Felipe Carrillo Puerto-Tulum section of the Maya Train will have free Wi-Fi
QUINTANA ROO, (July 28, 2021) .-.
Report reveals that Mérida’s expansion model is not financially viable in the long term
Mérida, Yucatán, (July 28, 2021).- The.
Joey Jordison: Slipknot founding drummer dies aged 46
The former drummer of US heavy.
The Yucatan Times and Hennessy’s Irish Pub invite you to “buy a drink for Raul”
The Yucatan Times and Hennessy’s Irish.
Campeche loses 2,000 hectares of mangroves a year, reveals biologist César Romero
CAMPECHE, (July 28, 2021).- Data from.
People of Homún stand firm in their defense of water and Cenotes
Homún, Yucatán, (July 28, 2021) .-.