Global air travel is recovering more slowly than expected and will take until until 2024 to return to pre-pandemic levels, the trade association for the airline industry said Tuesday.
The International Air Transport Association pushed back its prediction by one year due to the slow containment of the outbreak in the U.S. and developing countries.
Pearce said that air travel is not rebounding along with rising levels of business confidence in Europe, the U.S. and China. Traffic was down 86.5% in June from the same month a year ago, compared with a drop of 94.1% in April, measured as revenue passenger kilometres, or the distance travelled by all revenue-generating passengers.That improvement is “nowhere near the increase in business confidence,” Pearce said. China is bouncing back more than some other places, while an upturn in the U.S.
Despite parking many of their planes, airlines are struggling to fill seats with enough people to make money. Planes were only 62.9% full on domestic flights around the world, well below levels at which airlines make money, and an abysmal 38.9% for international travel.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Countries Should Fight Coronavirus With Masks, Not Travel Bans: WHOThe UN health agency is praising Canada for controlling outbreaks.
Read more »
Torstar gets court approval to be acquired by NordStarDeal is expected to be completed on or about July 30
Read more »
Sask. reports 42 new cases of COVID-19, 13 in hospitalOf the 1,178 reported cases, 289 are considered active, the province said in a news release. A total of 873 people have recovered.
Read more »
Cross-border couple has two weddings amid COVID-19 travel restrictionsA cross-border couple decided to have two weddings -- one in the U.S. and one in Canada -- so they could be together despite current COVID-19 travel restrictions.
Read more »