Demand for commercial travel is expected to make a full recovery in 2023, with volumes exceeding the 2019 level at the end of the year, a UN aviation body said Wednesday.
Forecasting a "complete and sustainable" recovery, the International Civil Aviation Organization said demand will reach pre-pandemic levels on most routes by the end of the first quarter and exceed the 2019 levels by around three percent by the end of 2023.
In all, air passenger numbers reached 74 percent of pre-pandemic levels in 2022, while passenger revenues were estimated to have hit 68 percent of 2019 levels. The projections come as airplane makers Boeing and Airbus have also seen a significant surge in new plane orders.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binibining Pilipinas names 40 official candidates for 2023The Binibining Pilipinas Charities Inc. announced the 40 official candidates of Binibining Pilipinas 2023 during the final closed-door screening at the New Frontier Theater in Araneta City on Feb. 6.
Read more »
Marketing strategies to take seriously in 2023 | Henry J. SchumacherThe marketing success of President Marcos during the election campaign in 2022 has an influence on marketing strategies today. Influencer marketing firms get a seat at the table IN the past 18 months we have seen a major increase in ad spending by using influencer marketing. Companies are increasingly using…
Read more »
Inflation climbs to 8.7% in Jan. 2023, highest since Nov. 2008 —PSAPrices of consumer goods and services continued its accelerated trajectory in the first month of 2023, hitting a fresh record as food prices remain elevated during the period, data released by the Philippine Statistics Authority (PSA) on Tuesday showed.
Read more »
PH inflation blows past expectations, soars to 8.7% in January 2023Contrary to government officials’ and economists’ expectations, the Philippines’ inflation rate spiked to 8.7% in January 2023 instead of slowing down.
Read more »
Binibining Pilipinas reveals Top 40 candidates for 2023After the rigorous screening process, 40 binibinis made it to the official list of candidates vying for the Binibining Pilipinas crowns. 🤩 | via philstarlife
Read more »
IN PHOTOS: The Binibining Pilipinas 2023 Top 40 candidatesWhich candidate are you rooting for? 👑
Read more »