The Recovery of the Airline Industry

The West lifted most restrictions before the end of last year. China removed all of its COVID controls for travel in February this year. Japan is set to remove the last of its border controls on May the 8th. There's lots of carriers restarting abandoned routes, launching new services and adding capacity back into their international markets. According to reports, planes are flying with very good load factors. So does that mean we can stop talking about the recovery now? Are we recovered?