U.S. Travel Association Executive Vice President of Public Affairs and Policy Tori Emerson Barnes issued the following statement:
U.S. airlines carried an estimated 78.6 million systemwide (domestic and international) scheduled service passengers in January 2020, reaching a new seasonally-adjusted all-time high, according to the Bureau of Transportation Statistics (BTS) first estimate, up 0.1% from the December second estimate.
Europe saw its number of international tourist arrivals expand by 4% in 2019 compared to the previous year to remain the most visited region worldwide – The US remains the largest long-haul source market of tourist arrivals to European destinations – As China is one of the major outbound travel markets worldwide, restrictions and bans to prevent the spread of COVID-19 will take a toll on the tourism industry
Reported net profit came in at $2.7 million, or EPS $0.06. Excluding Special Items, adjusted net profit came in at $92.1 million, or Adjusted EPS of $2.17
As efforts to contain the epidemic enter a critical stage, it is important to remember that the costs cannot be measured purely in economic terms, as the measures taken will have implications for life expectancy across the entire nation.
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