The latest forecast from the International Air Transport Association (IATA) has airlines grappling with reduced demand until at least 2024 – and that’s the best-case scenario. Earlier forecasts from the industry organization, which is citing the data in calling for increased government assistance, estimated a...
It was a bad week for airline stocks as bookings contracted on renewed coronavirus fears. PYMNTS reported earlier this week on new Transportation Security Agency (TSA) figures that travelers through U.S. airport checkpoints were down over 4 percent the week ending July 19. With their wings already clipped, airline outlooks were...
The outlook for the airline industry looks cloudy — at best — until there is a COVID-19 vaccine. In fact, United Airlines‘ chief said revenues are not expected to rise above half of 2019 levels before then. “We don’t expect to get anywhere close to...
The already sluggish recovery in air travel hit some turbulence over the past week. The number of travelers passing through airport security checkpoints across the United States fell by more than 4 percent in the week ending July 19, according to stats compiled by the...
August 18, 2022
Citi will be debuting a new portal, Citi Travel, with Booking.com to help customers plan and book their trips, a press release from the bank said. It comes as Americans are eager to travel, but many Americans have been reporting that they wait for a promotion to book travels. The new platform will make use […]
July 28, 2020
The latest forecast from the International Air Transport Association (IATA) has airlines grappling with reduced demand until at least 2024 – and that’s the best-case scenario. Earlier forecasts from the...
July 22, 2020
The outlook for the airline industry looks cloudy — at best — until there is a COVID-19 vaccine. In fact, United Airlines‘ chief said revenues are not expected to rise...
July 20, 2020
The already sluggish recovery in air travel hit some turbulence over the past week. The number of travelers passing through airport security checkpoints across the United States fell by more...
