US carriers tap relief funding as crisis deepens
North American airline traffic this year is expected to be down more than one-third from 2019 levels, IATA’s projections for the impact of the coronavirus crisis on the sector show. The anticipated 36% drop in traffic is expected to translate into US$64b less in passenger revenue this year. While sizeable, that reduction in passenger traffic is less than IATA predicts for other global regions. IATA estimates each other region – Asia-Pacific, Europe, the Middle East, Africa and Latin America – will see traffic decline roughly by half. A key factor in the lower impact in passenger traffic is the scale of the still-operating US air travel market. IATA figures for 2019 show the US domestic market was largest in the world, accounting for around 14% of global airline traffic. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-04-17/general/us-carriers-tap-relief-funding-as-crisis-deepens
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US carriers tap relief funding as crisis deepens
North American airline traffic this year is expected to be down more than one-third from 2019 levels, IATA’s projections for the impact of the coronavirus crisis on the sector show. The anticipated 36% drop in traffic is expected to translate into US$64b less in passenger revenue this year. While sizeable, that reduction in passenger traffic is less than IATA predicts for other global regions. IATA estimates each other region – Asia-Pacific, Europe, the Middle East, Africa and Latin America – will see traffic decline roughly by half. A key factor in the lower impact in passenger traffic is the scale of the still-operating US air travel market. IATA figures for 2019 show the US domestic market was largest in the world, accounting for around 14% of global airline traffic. <br/>
