Battered consumer confidence to slow airlines' recovery: IATA

PARIS/DUBLIN - Faltering consumer confidence will slow the recovery of air travel once coronavirus restrictions end, the sector’s main global body warned on Tuesday, citing bleak new survey data.

“Once market travel restrictions and lockdowns are relaxed, there’s still an issue about whether there will be demand from passengers to come back and fly,” IATA Chief Economist Brian Pearce said during an online media presentation.The Geneva-based organisation expects the near-total shutdown of global aviation to cut industry revenue this year by more than half, with the $314 billion hit threatening 25 million jobs, and is backing airline demands for government support.

In Europe, where the cycle of coronavirus spread, containment and travel reopening is lagging behind Asia, major carriers have locked in fuel costs through hedging, Pearce said.

IMO the public are capable of understanding why air traffic is down 70% worldwide and will travel again as soon as they are able!

Good news at last.

Maybe because we’re pissed they won’t give us refunds for trips we can’t take but take billions from the government

Consumer confidence? For an industry that will charge you for extra breathing room...

Do stop telling such stupid lies about a quick recovery. Anyone with 2 working brain cells can see a quick recovery is not possible. The Debt will be and anchor to future growth for decades to come. The interest payments a strain on taxpayers for ever.

Consumer conference is the key phrase in the economic recovery. Local and state Governments can 'Open the economy' but the fact is the consumer will decide if they have faith in the plan by each business or corporation.Their plan to ensure consumer conference will decide seccess.

Nothing would make you and the other MSM scum happier than a recession!

Cash strapped aviation sector to lose more money due to lockdown extension.

I read you loud and clear. Go all in on 3x bull ETFs on airlines. ✔️ doing it tomorrow at open. 🚀🌙bullish.

Airlines charge way to much for crap anyway. Why bother?

The first airline company that can guarantee COVID19-free flights is minted!

I figure it’s due to the virus and such

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Domestic air travel down 70%, recovery likely to be slow: IATADomestic air traffic is down 70% globally and the recovery over the coming six months is likely to be slow due to the damage coronavirus has done to economic conditions, the industry's representative body IATA said on Tuesday. Leading country regimes are recovering and the advancing system has advanced in providing enabling factors for restrictions, maximizing channel sail and accession reform. But it will recover. The idea of not to make people travel is not to transmit the disease from one country to another or from them place to another since now it’s everywhere why people shouldn’t travel it makes no sense
Source: Reuters - 🏆 2. / 97 Read more »

Domestic air travel down 70%, recovery likely to be slow: IATADomestic air traffic is down 70% globally and the recovery over the coming six months is likely to be slow due to the damage coronavirus has done to economic conditions, the industry's representative body IATA said on Tuesday. Leading country regimes are recovering and the advancing system has advanced in providing enabling factors for restrictions, maximizing channel sail and accession reform. But it will recover. The idea of not to make people travel is not to transmit the disease from one country to another or from them place to another since now it’s everywhere why people shouldn’t travel it makes no sense
Source: Reuters - 🏆 2. / 97 Read more »