Britons rushed to book foreign holidays after the government laid out plans to gradually relax coronavirus restrictions, giving battered airlines and tour operators hope that a bumper summer could come to their rescue. Bookings flooded in on Monday evening and Tuesday following the government’s announcement on Monday that travel could restart from mid-May, with Spain and Greece the most popular destinations, airlines and holiday companies said. However, travel industry is yet not happy with the announced plans, as it feels that delaying the return of international travel until at least mid-May, could mean the Travel & Tourism sector simply won’t survive and struggling SMEs will just disappear. EasyJet said that bookings on its flights from Britain for this summer had jumped b...
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-Low-cost carriers’ aggressive cost-cutting will give them an even larger cost advantage than pre-pandemic.-87% of consumers are ‘extremely’, ‘quite’ or ‘slightly’ concerned about their personal finances, and low-cost carrier’s low fares are well-positioned to meet this need. -Low-cost carrier’s ability to quickly respond to pent up demand will pay off. The low-cost airline model will lead post-COVID recovery and help revitalize demand. Frugal cost-cutting measures taken and operational responsiveness will see these carriers move quickly to absorb pent-up demand and capitalize on any opportunities ahead of other high-cost model airlines, says GlobalData, a leading data and analytics company. The COVID-19 pandemic has amplified consumer concerns around personal finances. Global...
Read MoreThe proven solution seamlessly integrates with multiple travel pass schemes (such as AOK, CommonPass, IATA, SimplyGo) SITA has announced the launch of Health Protect – an industry solution, to help airlines, airports, governments, and passengers safely and securely share information on health tests or vaccinations needed during travel. Successful trials have already been undertaken with travelers to the United Arab Emirates, and soon to start at Milan Malpensa Airport. For many countries, economic recovery from the COVID-19 pandemic relies heavily on travel and tourism. As governments globally seek a way to resume safe and secure travel in the wake of COVID-19, the ability for passengers to share vital health information such as PCR test results or vaccination history with au...
Read MoreThe International Air Transport Association (IATA) announced full-year global passenger traffic results for 2020 showing that demand (revenue passenger kilometers or RPKs) fell by 65.9% compared to the full year of 2019, by far the sharpest traffic decline in aviation history. Furthermore, forward bookings have been falling sharply since late December. Similarly, data for global air freight markets show that demand for air cargo decreased by 10.6% in 2020, compared to 2019. This was the largest drop in year-on-year demand since IATA started to monitor cargo performance in 1990, outpacing the 6% fall in global trade in goods. International passenger demand in 2020 was 75.6% below 2019 levels. Capacity, (measured in available seat kilometers or ASKs) declined 68.1% and load factor fe...
Read MoreThe International Air Transport Association (IATA) has called on governments to partner with the air transport industry to devise plans to safely re-link people, business and economies when the COVID-19 epidemiological situation permits. A priority for this critical cooperation is acceleration of the establishment of global standards for vaccination and testing certification. “We can see the light at the end of the tunnel as vaccination programs roll out. Turning this vision into a safe and orderly re-start will require careful planning and coordination by governments and industry. This will be challenging as the priority for the weeks and months ahead will be containing the spread of new variants. But even as the crisis deepens, it is important to prepare the way for a resumption of f...
Read MoreThe global aviation industry has been affected by the COVID-19 outbreak. After relaxation on air travel, several airline operators are taking various measures to mitigate the losses and meet the travel demand ahead of the holiday season. This has led to a staggering 100% year-on-year rise in influencer conversations on Airlines Influencer dashboard during Q4 2020. Against this backdrop, British Airways emerged as the most mentioned airline operator in the UK among influencer conversations on Twitter during the period, reveals GlobalData, a leading data and analytics company. The UK registered highest number of influencer conversations on Twitter related to aviation industry, followed by the US, Australia, India and Canada. American Airlines was the top operator in the US among infl...
Read More-As the country with the most reported COVID-19 cases, the United States has suffered the biggest drop in tourism revenue with a total loss of $147,245 million-With the country seeing less than 20 million foreign visitors in 2020, Spain has the second largest revenue loss of $46,707m-France is the world’s most visited country with over 89 million tourists each year, but the impact of COVID-19 has resulted in a total revenue loss of $42,036m-The Caribbean islands make up 50% of those who have suffered the highest percentage loss in GDP, with Aruba, Turks and Caicos Islands, Antigua and Barbuda, St. Lucia and Grenada all ranking in the list of the top 10 worst affected FILE PHOTO: A man carries a surfboard at Kuta beach on the Indonesian resort island of Bali on August 15, 2020, which ha...
Read MoreThe International Air Transport Association (IATA) called on governments to add market stimulation measures to the support they are giving to keep aviation financially viable. Such measures would encourage travel while systematic testing protocols enable a safe re-opening of borders. Since the onset of the COVID-19 pandemic, governments have helped airlines survive the crisis with approximately $173 billion in various forms of financial support.More support will be needed in the form of financial stimulus. Many of the support packages are running out, but industry losses continue to mount. Airline losses are now forecast to top $118 billion this year and nearly $39 billion in 2021. The industry is expected to continue burning through cash at a rate of almost $7 billion per month in...
Read MoreThe International Air Transport Association (IATA) announced that the recovery of passenger demand continued to be disappointingly slow in October. Total demand (measured in revenue passenger kilometers or RPKs) was down 70.6% compared to October 2019. This was just a modest improvement from the 72.2% year-to-year decline recorded in September. Capacity was down 59.9% compared to a year ago and load factor fell 21.8 percentage points to 60.2%. International passenger demand in October was down 87.8% compared to October 2019, virtually unchanged from the 88.0% year-to-year decline recorded in September. Capacity was 76.9% below previous year levels, and load factor shrank 38.3 percentage points to 42.9%. FILE PHOTO: Passengers wearing protective face masks sit on a plane at Sharm ...
Read MoreThe International Air Transport Association (IATA) released data revealing that the COVID-19 crisis has had a devastating impact on international connectivity, shaking up the rankings of the world’s most connected cities. London, the world’s number one most connected city in September 2019, has seen a 67% decline in connectivity. By September 2020, it had fallen to number eight. Shanghai is now the top ranked city for connectivity with the top four most connected cities all in China—Shanghai, Beijing, Guangzhou and Chengdu. New York (-66% fall in connectivity), Tokyo (-65%), Bangkok (-81%), Hong Kong (-81%) and Seoul (-69%) have all exited the top ten. The study reveals that cities with large numbers of domestic connections now dominate, showing the extent to which...
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