Air passenger traffic in the Asia-Pacific region is expected to recover to around 73% of pre-pandemic levels as borders are lifted, IATA said.

(Bloomberg)

[Financial Channel/Comprehensive Report] The head of the Asia-Pacific region of the International Air Transport Association (IATA) said on Tuesday (11th) that as travel restrictions are eased, the air passenger traffic in the Asia-Pacific region is expected to rebound from 53% in August to 53% by the end of the year. About 73% of the pre-pandemic level in 2019.

Philip Goh, IATA's vice president for Asia-Pacific, said the recovery in air passenger traffic is strong, especially as all major markets in the Asia-Pacific region except China are now open, according to Reuters.

According to IATA data, Asia's shipping recovery has largely lagged the rest of the world, largely because China's continued border closures have kept the country's international passenger numbers at an average of 2-3% of pre-pandemic levels.

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Japan will resume visa-free travel from today (11), my country will also reopen its borders on Thursday (13), implement a new "entry 0+7" system, exempt from home quarantine, and Hong Kong will end the mandatory period last (September) Quarantine policies are bullish for airlines.

Wu Shimian said that the current forecast for year-end traffic is based on China's imminent opening of its borders, but it is still unclear when the exact date of easing the epidemic prevention policy will be.

International passenger traffic in the Asia-Pacific region stood at 35% of 2019 levels in August and is not expected to return to pre-pandemic levels until 2025, IATA data showed.

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