By Kevin Michaels
“When will air travel return to pre-COVID levels?” That arguably has been the most popular aviation industry question asked over the last 18 months. AeroDynamic Advisory undertook a bottom-up assessment in 2020 that projected late 2023 as the time when normalcy would return. Some of our clients were stunned by the pessimism, while others reluctantly agreed. We’ve stuck with this forecast, but I am beginning to think we may be too optimistic.