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Travel Vouchers Should Remain Voluntary, Says European Commission

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Travel Vouchers Should Remain Voluntary, Says European Commission
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The European Commission recently said it was not against vouchers as an alternative to cash refunds for canceled travel bookings due to the coronavirus (Covid-19), but only under the condition that they are voluntary and secured against insolvency of tour operators, travel agents and airlines. Discussing on Tuesday via teleconference with the Internal Market and […]

Covid-19 May Deliver $314bn Blow to Airline Revenues, Says IATA

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Covid 19 May Deliver $314bn Blow To Airline Revenues, Says Iata
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Airline passenger revenues may drop by $314 billion in 2020 due to the coronavirus (Covid-19) crisis, according to an updated analysis by the International Air Transport Association (IATA). The downturn sees full year passenger revenues plummet 55 percent compared to 2019, while traffic falls 48 percent. “In other words, half our business disappears. That’s catastrophic,”