PARIS (Reuters) – Global airline body IATA said that the crisis deepened for airlines in January, as international traffic plunged 86% in the month compared to pre-crisis levels, and domestic air traffic was down 47%.
New variants of the coronavirus forced governments to tighten travel restrictions across the world, hurting the outlook for airlines, the group warned.
“That is what drove the weakness and the low points in January,” said IATA chief economist Brian Pearce. “Airlines are facing a really tough start to the year.”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Need Your Help Today. Your $1 can change life.