Airfares will continue to respond to supply and demand, but the possibility of tourism promotions or the need to buy social distance on planes are emerging — provisionally, at least — as forces destined to push prices a little lower, or a little higher.
, in response to the threat of Covid-19, Miami-based real estate agent and artist Nadia Bouzid was in the middle of painting a mural inside a new hotel in Cancun, Mexico."I watched a seat on the flight I wanted go from $200 to $70, to $350," Bouzid tells CNN Travel."I booked it and flew, but the flight was spookily empty. I was panicking, and the changing price made me wonder how much I'd be paying to return to finish my work, when all this is over.
Nonetheless, it's IATA, the global airline trade association, that wants to have the last word on the issue of social distancing on aircraft. Its"IATA is essentially saying that airlines' financial health matters more than the health of their employees or customers," says Henry Harteveldt, airline analyst at Atmosphere Research Group."That press release includes an estimate that airfares will have to increase if carriers are required to leave middle seats open.
"Many airlines use fuel hedging to minimize the risk of fuel price volatility by agreeing to purchase a certain amount of oil in the future at a set price," says Suhet."And the airlines are adapting these strategies to the current climate, to improve cash-flow position by streamlining costs." Kass decided not to book."I've always wanted to visit Bali, but I just don't know what the situation will be," she tells CNN Travel."I don't want to put myself in harm's way. I also don't know what's going on in Indonesia, and don't know when Bali will again be ready for guests."
Virgin Atlantic has sped up the retirement of their 747 and A340-600 fleets, while also closing a base at London-Gatwick. KLM is saying goodbye to its iconic 747s sooner than planned, and American Airlines had a busy April retiring its 757, 767, E190 and A330-300 fleets .
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.
Make No Mistake: Leaders Are Using COVID-19 to Block Abortion Access'I want all the people trying to block access to reproductive care to know there is a generation of young people prepared to stand up and fight for their rights.' sidneyflanigan of neverrarelyfilm on why abortion is essential healthcare.
Read more »
I'm An AIDS Survivor And COVID-19 Is Giving Me FlashbacksThose of us affected by HIV have been through the trenches and are truly battle-tested for this one.
Read more »
Due To COVID-19, Manufacturing Will Experience Five Years Of Innovation In The Next 18 MonthsThe manufacturing industry must innovate for COVID-19 and these are the two areas where technology investments will happen first – necessity is truly the mother of invention.
Read more »
From Friends to Roommates to Dating: One Couple’s COVID-19 Love StoryFrom friends to roommates to dating: One couple’s COVID_19 love story. 😍
Read more »
This Doctor’s Bringing Free COVID-19 Testing And Telehealth Services To Underserved CommunitiesMyCovidMD—a virtual platform giving underserved communities free access to drive-through testing, virtual and in-person doctor visits—is the brainchild of LA-based emergency physician Dr. Nana Afoh-Manin.
Read more »
2 Hispanic churches and too many tears: 100 COVID-19 deathsIn NYC, the virus outbreak has taken a toll on Hispanic communities. That's clear at two churches — one Lutheran and one Catholic. “The last eight, 10 weeks has been a real tsunami, a disaster for us...' - Rev. Rick Beuther.
Read more »