MANAMA: The demand for jet fuel won’t fully recover until 2023, and only then if effective vaccines are distributed to more than seven billion people worldwide, according to the latest analysis.
A rebound is at least likely to happen by the third quarter of 2021, as air traffic will take some time to return to pre-coronavirus levels and will remain restricted until at least the end of the year, Bank of America (BofA) said in a new research note .