These forecasts update those produced in December 2022 and reflect the work ongoing for an update to the 2023-2029 forecast, to be published later this month.
Looking forward, while the recovery is expected to continue, the market is now more stable and this is reflected in these latest forecasts. While the base scenario for the beginning of 2024 is for between 97% and 98% of 2019 levels, there remain downside risks, for example on the economy, fuel and ticket prices, and market sentiment.
