Crisis deepens for airlines in January: IATA
PARIS: Global airline body IATA said that the crisis deepened for airlines in January, as international traffic plunged 86% in the month compared to pre-crisis levels, and domestic air traffic was down 47%.
New variants of the coronavirus forced governments to tighten travel restrictions across the world, hurting the outlook for airlines, the group warned.
“That is what drove the weakness and the low points in January,” said IATA chief economist Brian Pearce. “Airlines are facing a really tough start to the year.”
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About IATA
IATA was founded in Havana, Cuba, on 19 April 1945. It is the prime vehicle for inter-airline cooperation in promoting safe, reliable, secure and economical air services – for the benefit of the world’s consumers.
At its founding, IATA had 57 members from 31 nations, mostly in Europe and North America. Today it has some 290 members from 120 nations in every part of the globe.
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