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.
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.”