According to the new analysis by International Air Transport Association (IATA), in 2021 it is expected that global passenger demand (measured in revenue passenger kilometres, RPKs) will be 24% below 2019 levels and 32% lower than IATA’s October 2019 Air Passenger forecast for 2021. This forecast is modelled on the baseline scenario of domestic markets opening in Q3, with a much slower phased opening of international markets. This would limit the air travel recovery, despite most forecasts pointing toward a strong economic rebound late this year and during 2021.