Travel remains restricted in many countries around the world, but an increasing number of routes are starting to open up. IATA discusses the extent to which an easing of restrictions is likely in the second half of this year and beyond; on which types of route this is most likely; how much this restored capacity will be supported by passenger demand; and major risks to the outlook. Current trends are described as well as the key drivers of demand for both a short- and longer-run outlook. Major risk factors and reasons for some continued caution in the outlook, including the potential proliferation of new variants, has also be highlighted.