The recovery is very uneven with domestic airlines that have a strong network, in countries such as the USA and Australia doing well at close to pre pandemic levels as pax that would have gone abroad are forced to holiday within the borders. Some US airlines are even talking about recruitment in the near future.
If you're a freighter pilot at the moment you need to watch your flight and duty time limits carefully.
It's the long haul, premium, connecting market which was hit first, was the most badly affected and will be the last to recover. Long haul will come back but will involve direct flights between safe countries to begin with and few people will be buying business class tickets. Some of the business travel market is lost forever as companies have discovered how much can be accomplished online. Connecting flights through hubs are still unacceptable as travel bubbles tend to require 14 days in the country of origin, a negative test result and a direct flight . The Singapore - Hong Kong travel bubble which has been postponed numerous times and is now scheduled for next month, has specific flights for these pax, if you arrive on a non bubble flight it's off to the quarantine hotel for 2 -3 weeks.
Developed countries with mostly vaccinated populations will be able to open up to each other first, ie Europe - North America. This traffic doesn't route through the ME, nor does North America to Asia and Australia. Europe to safe Asian destinations can be done direct and Europe to Australia can be done via a safe country such as Singapore. Much of the ME transit traffic involves badly affected countries such as India or traffic which can bypass the region if it has to.
Full recovery is still a long way off.