IATA predicts 2020 to be one of the gloomiest periods for aviation since World War 2, and airline profitability to nosedive to USD 118 billion losses in 2020.
IATA expects air travel industry to close 2020 with $118 billion loss
Press Releases
Category Archives for Press Releases.
Low Risk for COVID-19 Transmission Inflight: IATA
Is flying safe in the times of CoVid-19? A recent research study by IATA and the three airframe manufacturers, conducted individually, reached to the same conclusion: Flying is safe. Here are the details.
European Airlines get another extension of their slots for the Northern Winter 2020 Schedule, says IATA
IATA and the various airline organisations representing the interests of European airlines may have found a potential way to stop the upheaval of their schedules in Winter 2020 and arrived at an agreement to keep their slots till early 2021.
Virgin Atlantic gets closer to recapitalisation, still staying solvent
Virgin Atlantic is closer to have finally sorted their financial troubles for the time being, with the airline managing to organise its financing to stay on as the Number 2 airline of the United Kingdom for the foreseeable future.
CoVid-19 Impact: Airbus to make 15,000 roles redundant across the globe.
Airbus has announced that they will be letting go about 15,000 people in the coming one year due to the slowdown in the aviation sector, which has caused at least a 40% demand reduction for Airbus.
Maldives will re-open for tourists on July 15, 2020
The Maldives is planning to re-open the tourism activities in the country next month and will do so with minimal or no requirements to undergo Quarantine. Also, Visa continues to be free.
Singapore Airlines new service protocols in place flying through CoVid-19
Singapore Airlines is working through a new service protocol as they take to the skies again. Here is what to expect on Singapore Airlines’ flights in the coming days, as the airline takes a shot at flying through the Pandemic.
Here is how Accor Hotels in India will ensure your safety when they re-open for business
As hotels prepare to re-open, Accor Hotels enlist their strategy to keep you safe in the coming days when you check into an Accor Hotel.
Here is how Marriott India is preparing to welcome back guests as they re-open for business
Marriott is all set to welcome back guests to the hotels in the coming days. Here is a rundown of things that will change the next time you will step inside a Marriott Hotel.
IATA predicts a USD 314 Billion loss of passenger revenue in 2020 due to CoVid-19
At a weekly press conference about the CoVid-19 impact on aviation, IATA predicts that there will be a USD 314 billion dollar drop of revenue from passenger traffic in 2020, compared to 2019. This is a much higher number as compared to their original prediction made three weeks ago.
Doha Airport plans to double up & Qatar Airways plans to double its Business Class Lounge
Doha’s expansive Hamad International Airport will get an upgrade, which will not just double the capacity of the airport to about 60 million passengers, but also will get Qatar Airways Business Class Lounge doubled in size.
