Asian air travel may take another three years to recover fully from the devastation wrought by the pandemic , lagging behind rebounds in other regions and offering a stern headwind for refiners making jet fuel. It’ll take until 2024 for international air travel across the region to reach pre-virus levels, a year after global traffic hits that milestone, according to the International Air Transport Association. Similarly, consultancy Energy Aspects says jet fuel consumption will reach pre-pandemic volumes only in 2023-2024. Asia’s jet fuel usage accounted for a third of global consumption in 2019, according to Energy Aspects. “The full recovery of international air travel has a long way to go," she said.

Source: Mint July 15, 2021 01:52 UTC