Aviation sector may not recover from coronavirus until Q2 2021, says Cowen

The collapse in passenger in China as a result of coronavirus is predictable but the knock-on negative impact for the global market may mean demand does not return to normal until Q2 2021 at the earliest, says Helane Becker, managing director of analysts Cowen. IATA’s 20-year air passenger forecast currently predicts that China would overtake the US as the largest market for air travel by 2024, but Becker said that Cowen predicts the coronavirus outbreak to cut a year’s worth of expected Chinese passenger growth. She was also pessimistic over IATA’s view on the global revenue impact of the virus