The COVID-19 pandemic has seen OTAs increasingly put under the spotlight for offering customers credit notes instead of refunds as they should do under EU package travel laws.
More than 6.1 million people are employed at airports around the world
John Sculley, the former CEO of Apple, has become a great advocate of this way of working. And he believes remote working will challenge the business models of many airlines that rely on business travel as a source of revenue.
The International Air Transport Association (IATA) urged G20 leaders to act quickly to support the aviation industry in order to prevent irrecoverable damage to international connectivity arising from the impact of the novel coronavirus (COVID-19).
The International Air Transport Association (IATA) strengthened its call for urgent action from European governments to provide financial relief to airlines. The latest IATA scenario for potential revenue loss by European carriers is US$76 bn and passenger demand (measured in Revenue Passenger Kilometers) is projected to be 46% below 2019 levels. A decline of this magnitude puts at risk about 5.6 million jobs and $378bn in GDP supported by air transport.
IATA welcomed the European Commissions (EC) Guidelines on Facilitating Air Cargo Operations During COVID-19 Outbreak.
Hertz Global Holdings, Inc. (NYSE: HTZ) yesterday provided the following business update related to the significant, adverse impact on travel demand from the coronavirus (COVID-19).
Alaska Airlines yesterday announced plans to reduce its flight schedule for April and May by approximately 70% following historic and unprecedented falloff in demand related to the COVID-19 outbreak across the U.S. and beyond.
The International Air Transport Association (IATA) has written to the heads of government of 18 States in Asia-Pacific to appeal for emergency support to airlines as they fight for survival due to the dramatic loss of air travel demand due to the COVID-19 crisis. These States include Bangladesh, India, Japan, Malaysia, Pakistan, Philippines, Republic of Korea, Thailand and Vietnam.
The International Air Transport Association (IATA) and its members renewed their call to governments to take urgent measures to ensure that vital air cargo supply lines remain open, efficient and effective.