IATA estimates aviation’s pandemic losses at $201bn October 4, 2021 The International Air Transport Association has estimated that the aviation sector will return to profitability in 2023. As a result of the pandemic, aviation will lose around $201bn before returning profitable in 2023. As explained by International Air Transport Association’s (IATA) director general Willie Walsh, losses in 2021 are expected to be nearly $52bn – [...]
Lufthansa chief executive: After Covid-19 airfares will surge October 4, 2021 Lufthansa’s chief executive has said ticket prices will soar as a result of air travel recovering from the pandemic. Lufthansa chief executive Carsten Spohr has warned that airfares will surge, with passengers paying the pandemic’s economic price. As reported by the Daily Telegraph, Spohr believes that before the pandemic plane tickets were too cheap and, [...]
Ryanair and Wizz Air passenger numbers highlight aviation’s journey back to normality October 4, 2021 After a turbulent 2020, Ryanair and Wizz Air appear set for smoother skies with passenger numbers on the up. Both firms reported increase in passenger traffic in September 2021 compared to last year. According to passenger traffic data published on the London Stock Exchange, Ryanair’s passenger numbers increased to 10.6m compared to 5.2m recorded in [...]
