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IATA reduces global air traffic outlook as coronavirus crisis drags on

Full-year passenger traffic is set to decline 66%, the International Air Transport Association (IATA) said, compared with a previously forecast 63% decline

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IATA | Global airline industry | Lockdown

Reuters  |  Paris 

Global airlines reduced their 2020 traffic forecast on Tuesday, after a small summer rebound evaporated amid renewed coronavirus outbreaks and travel restrictions. Full-year passenger traffic is set to decline 66%, the International Air Transport Association (IATA) said, compared with a previously forecast 63% decline. "The improvement that we saw in the summer months has more or less stopped," IATA Chief Economist Brian Pearce said. August traffic was down 75.3% in terms that reflect passenger numbers as well as distance flown, compared with a 79.5% drop in ...

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First Published: Tue, September 29 2020. 19:48 IST
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