Aeroflot is cautious & does not expect global air service market to recover earlier than in 2024
Chief Executive Officer of Russia’s air carrier Mikhail Poluboyarinov says , "Aeroflot projects that the international air service market will not recover earlier than in 2024."
He added, "Regarding the international market, the forecast that we made at the end of last year, is probably not exactly correct. The recovery rates are slower and we do not expect reaching the level of 2019 earlier than in 2024,"
However, he is optimistic about the Russian doemstic aviation market, & says, Domestic aviation may recover as early as in 2022.
But on financial front, he says, Revenue rates will probably approach the level of 2019 only in 2023.
