Data firm OAG said that several years of industry growth had been lost and that it could take until 2022 or 2023 before the volume of fliers returns to the levels that had been expected for 2020. Debilitated by COVID-19, airlines are preparing to cut more than 30,000 jobs as soon as next month. COVID-19 has drastically decreased airline traffic across all routes, but the volume of connecting passengers has been among the hardest hit. Significant reductions in passenger numbers have resulted in flights being cancelled or planes flying empty between airports, which in turn massively reduced revenues for airlines and forced many airlines to lay off employees or declare bankruptcy. “If we don’t have the airline industry intact, we’ll never get back to that economic normalcy we had pre-pandemic,” Davis said. He called for Covid-19 tests to be routinely carried out on passengers before flights depart, to increase consumer confidence in air travel and make governments more willing to open borders. After months of deep discounts — with hotels offering lavish perks and airlines dangling fares such as $21 from New York to Florida — prices are set to make up at least part of the ground they lost. The industry has weathered storms before, but none as rough as this. How coronavirus grounded the airline industry ... 37,826 aircraft were tracked on Nov. 5, before the coronavirus took its toll on international air travel. The COVID-19 pandemic has had a significant impact on the aviation industry due to travel restrictions and a slump in demand among travellers.. Coronavirus disease (COVID-19) Information for the airline industry (including flight crew) What is Australia doing? The latest coronavirus airline and aviation industry news As the situation develops, you’ll find all of our coverage and data regarding the novel coronavirus (COVID-19) available on this page. United Airlines gave up 1.7%.. Data … Airline Stocks Get New Aid In U.S. Delta Air Lines fell 1.7% in the stock market today. When the turmoil in the airline industry does stabilize, he says "the commercial market will be smaller, and our customers' needs will be different." Making Covid-19 vaccinations compulsory for trips overseas would destroy the travel industry, says world tourism chief. For breaking news and information you can also follow us on twitter. The industry-first initiative expands on current COVID-19 coverage introduced in July by the Dubai-based carrier. A revenue loss worth of USD252 billion has been anticipated in 2020. Questions have arisen as to whether the current crisis will lead to structural changes within the industry. The International Air Transport Association (IATA) said Monday it's "in the final development phase" of a mobile "digital passport" app that would tell airlines if international travelers had been vaccinated against COVID-19. Industry experts and stakeholders are still divided on the idea of requiring airline passengers to get COVID-19 vaccinations before they’re allowed to fly. Delta Air Lines lost $5.4 billion in the three months through September, and its operating revenue plunged 79 percent from the year before, as the industry weathered a … Airline stocks have taken off in recent weeks, lifted by a series of positive developments in the COVID-19 vaccine race. Getty Images. Airlines face millions of dollars in losses, as hundreds of empty planes are grounded and parked on runways and as airports resemble ghost towns. Businesses across industries around the world are facing crisis amidst the global COVID-19 pandemic. The airline industry has faced many crises before – 9/11 and the 2010 Icelandic volcano eruption, for example. American Airlines fell 3%. Leeham Co. predicts that it will take four to eight years before traffic returns to pre-COVID-19 levels. It’s hard to see the light at the end of the tunnel for the airline industry right now. Flexjet LLC, an innovative leader in private aviation dedicated to protecting the health and well-being of its travelers and employees, today announced that they are the first and only large-scale operator in their industry to routinely test all of its more than 830 flight crew members for COVID-19 before each tour of duty. The airline industry is staring at a similar fate, with significant decline in passenger numbers. The U.S. airline industry had nearly 29,000 fewer jobs in mid-October than what it had before the pandemic, according to the U.S. Transportation Department. “Airlines are expected to lose $118 billion in … Among other airline … The $908 billion package would include $180 billion in additional unemployment insurance that would provide an extra $300 weekly benefit for 18 weeks. Airline companies have been lobbying congressional leaders for a COVID-19 relief package in the wake of historic losses. One of the industries hit hardest by the coronavirus pandemic is the aviation industry. Airline stocks traded broadly lower Wednesday, with a few falling to fresh multi-year lows, amid growing concerns that the industry’s recovery from the COVID-19 … It passed Congress Monday, and … Washington: The arrival of a coronavirus vaccine has the U.S. travel industry preparing for a rebound in demand following a historically terrible year. New federal support for Canada's pandemic-battered airline industry will be contingent on carriers providing refunds to passengers whose flights were cancelled, the government announced on Sunday. Even before COVID-19, more than half of airline travelers (55%) had experienced a travel disruption in the past year, according to the International Air Transport Association’s “2019 Global Passenger Survey.” For airlines, disruption is the primary factor impacting customer loyalty. After Covid-19, there will still be the need, and desire, for travel. Airlines Park Planes In Southern California Due To Coronavirus Slowdown. The travel industry applauded lawmakers after congressional leaders reached a deal on a nearly $900 billion COVID-19 relief package. 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