ING Aviation sector outlook expects a delayed sector recovery

A new aviation sector outlook paper from ING expects the recovery of the air travel sector to only start in the second half of 2021 with a full recovery unlikely “before 2024-2025”, with the outstanding question of whether summer travel will be allowed in the short-term. “So far, the prospects of easing travel restrictions and the introduction of digital vaccine passports have disappointed the industry. However, the roll-out of vaccinations will help the sector restart in the second half of 2021. As most leisure travel demand remains on standby, we expect it to return as soon as restrictions are eased and travelling becomes safe