Monday 22 June 2020

Passengers Unwilling To Fly Now

People are less willing to fly now than they were at the height of the coronavirus lockdown, according to research carried out for the airline industry’s main trade group.

Only 45 per cent of those polled in late May and early June said they’d be prepared to board a plane within one or two months of restrictions being lifted, down from 60 per cent in April, the International Air Transport Association said on Tuesday.

If anything, consumers have actually got rather more cautious and we have a majority saying now that they would wait more than six months before travelling, IATA Chief Economist Brian Pearce said in a press briefing. The survey is telling us that passengers are rather cautious.

Airlines around the world have been hit hard by the coronavirus outbreak, and signs are the recovery won’t be quick.

Other indicators also point to an uncertain demand environment. New bookings are down 82 per cent from a year ago, according to IATA, improving only slightly from a low point in April.

Reservations are also being made far later, with 41 per cent of people booking within three days or less of their journey last month, compared with 18 per cent in 2019. Demand for long-haul flights remains close to zero.

The trade group, which represents 290 airlines, called for an extension to waivers of the so-called use-it or lose-it airport slot rule through the winter season in light of the lack of forward visibility.

The rule, requiring carriers to use 80 per cent of slots, has been suspended through October 24 in the European Union.

That will give airlines the flexibility they need to focus on meeting passenger demand as it evolves, free from the burden of trying to predict what their schedule might look like a year from now, IATA Chief Executive Officer Alexandre de Juniac said.

IATA forecasts airlines will lose a combined $US84 billion ($122 billion) this year and almost $US16 billion in 2021, more than three times the outflow after the 2008 slump.

Declining fares mean they’ll need to fly 80 per cent full just to break even, so that most will carry on losing money even as services resume, it said, predicting yields will be down 18 per cent globally this year.


Anonymous said...

Quick loan in less than 24 hours. We inform the general public that we are offering loan from $2000 to $50 million Dollars with an interest rate of 3%. guaranteed, tested and reliable,Instant decision from a direct lender. Payday Loans or Personal Installment loans with no hard credit check.Visit us today!
Email ( )

Williams Pater said...

Hello everyone i am from USA i am here to give my testimony about an herbal doctor called Dr,olu I was heartbroken because i had very small penis,not nice to satisfy a woman, i have been in so many relationship, but cut off because of my situation, i have used so many product which doctors prescribe for me, but could not offer me the help i searched for. i saw some few comments on the internet about this specialist called Dr,OLU and decided to email him on his email i saw on the internet,( ) so I decided to give his herbal product a try. i emailed him and he got back to me, he gave me some comforting words with his herbal product for Penis Enlargement, Within three weeks of me use it, i began to feel the enlargement, " and now it just 4 weeks of using his products my penis is about 8 inches longer, and i had to settle thing out with my ex girlfriend , i was surprised when she said that she is satisfied with my performance in bed and i now have a large penis.thanks to DR OLU for is herbal product. you can also reach him with emsil though is..number WHATASPP him today on this number [ +2348140654426 ]

shipra shah said...

It is very important to have good thoughts in mind to write a beautiful post, and your mind seems very clear, that is why you have written such a beautiful post, this post is worthy of praise, the praise of this post will be less.
Escorts Services in Palam Farms
gurugram event
call girls in noida
DLF Cyber city Escorts
escorts in gurugram
Escorts Service in Sector 15
Sector 46 Escorts
bilaspur independent escorts