IATA's Walsh: Global Air Traffic at 85% of 2019 Levels

The video discusses the current state of the aviation industry, highlighting the unexpected reopening of China and the recovery of domestic markets to 2019 levels. International aviation is at 78% of 2019 levels, with further recovery expected due to relaxed restrictions in Asia. The global airline industry is projected to make a small profit, driven by strong US domestic market performance.

What was the unexpected event that contributed to the global recovery of domestic markets?

• The closure of European borders

• The increase in oil prices

• The decline in tourism

• The reopening of China

By February, what percentage of global domestic markets had recovered compared to 2019?

• 50%

• 70%

• 100%

• 85%

What percentage of international aviation had recovered by February 2023?

• 65%

• 90%

• 50%

• 78%

What was the recovery percentage of international travel within Asia last year compared to 2019?

• 78%

• 22%

• 35%

• 50%

What is the expected profit for the global airline industry this year?

• 15 billion

• 20 billion

• Just under 5 billion

• 10 billion