No it won't.... Traffic will come back. It'll take time but it will come back!
If anyone had said back in March that we'd still be largely grounded with borders closed going into August, no one would have believed them. All of us know someone who's been laid off, if we haven't been laid off ourselves. Recovery will take years if not decades and belt tightening will be the new normal. As traffic increases, the mix will be different as people cut back and downgrade, two weeks in Florida becomes ten days in Spain for the British traveller on his annual holiday. The five day break in Spain becomes a long weekend in Amsterdam.
I'm currently on about 45% of my previous income, if I'm still employed and getting 75% by the end of the year I'll be delighted. My expenditure will be cut way back compared to last year as debts get paid off and savings rebuilt. Plenty of people want to travel but very few will be able to do it in style.