KUALA LUMPUR: Moody’s Investors Service has changed the outlook for the global airline industry to positive from negative as it expects widespread travel to pick up in the second half of this year and accelerate through next year.

“We expect this positive demand trend to run for many quarters, into 2023, ” it said on Tuesday, pointing out to rising Covid-19 vaccinations will spur a demand in leisure traffic.

It is now using its expectations for growth in travel demand as its key indicator for the passenger airlines industry outlook.