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Global Air Travel Down 85 Percent From Same Time Last Year, Industry Experts Say - Newsweek
Global air travel is down 85 percent from this same time one year ago, airline industry experts say.
Airline trade groups, including the International Air Transport Association, say carriers will lose $84 billion this year, making it the worst year in the industry's history. Standard & Poor's said the airline industry's prospects have gone "from bad to worse" as air traffic has dropped overwhelmingly amid the coronavirus pandemic—much worse than the S&P's "worst-case scenario" predictions in May.
And now airline industry executives are also coming to terms with massive ongoing losses, with air traffic at Europe's more than 500 airports falling 94 percent in June compared to 2019.
Global air travel is down 85 percent from this same time one year ago, airline industry experts say.
Airline trade groups, including the International Air Transport Association, say carriers will lose $84 billion this year, making it the worst year in the industry's history. Standard & Poor's said the airline industry's prospects have gone "from bad to worse" as air traffic has dropped overwhelmingly amid the coronavirus pandemic—much worse than the S&P's "worst-case scenario" predictions in May.
And now airline industry executives are also coming to terms with massive ongoing losses, with air traffic at Europe's more than 500 airports falling 94 percent in June compared to 2019.