Airlines continue to struggle into Q4 2020

Airlines continue to struggle into Q4 2020

IATA has once again downgraded its full-year 2020 global air travel forecast, reflecting a downturn in European travel demand amid a new surge in Covid-19 cases as well as other new restrictions in portions of the world.

 

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The global airlines trade group now projects full-year 2020 traffic to be down 66% compared with 2019. Its previous forecast was of a 63% plunge.

IATA said that the recovery of air passenger service globally came to a halt in mid-August.

In Europe, international demand was down 79.9% year over year in August. But IATA said travel on the Continent is now trending even worse amid a return to lockdowns and quarantines in some markets.

“Absent additional government relief measures and a reopening of borders,” de Juniac said, “hundreds of thousands of airline jobs will disappear.”

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