The Slow Rebound of Air Travel
A little over one million travelers flew on Sunday, Oct. 18, according to TSA checkpoint data, marking the first time since the COVID-19 crisis began that TSA traveler data surpassed one million passengers, but activity remains about 40% of last year.
Passenger activity slowed at the end of October 2020, but it also decelerated at the end of October 2019. This could be seasonal and not related to a third COVID-19 wave.
Airline travel is expected to return in phases. Regional and domestic business travel will return first, according to a McKinsey analysis. But a long recovery is expected for corporate travel as the name of the McKinsey report indicates, For Corporate Travel, a Long Recovery Ahead. The United Airlines CEO predicted that business travel would not be back to normal until 2024.