April ‘rock-bottom’ for aviation industry but initial signs of recovery seen

  • 📰 cebudailynews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 71%

Business News News

Business Business Latest News,Business Business Headlines

A decline of 94.3 percent in international passenger demand last April was the lowest in the history of the aviation industry.

A report published by the International Air Transport Association on June 3, 2020 found that April was a disastrous month for airline companies as countries shut their borders, effectively suspending operations of passenger planes, to contain the spread of the coronavirus disease 2019 .

“Passenger demand in April , plunged 94.3 percent compared to April 2019… This is a rate of decline never seen in the history of IATA’s traffic series, which dates back to 1990However, signs that passenger demand is recovering were recently seen, particularly in domestic markets. “Searches for air travel on Google also were up 25 percent by the end of May compared to the April low, although that’s a rise from a very low base and still 60 percent lower than at the start of the year,” it added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines