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Global Air Passenger Traffic Sees Steepest Decline Since 9/11, Says IATA

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Global Air Passenger Traffic Sees Steepest Decline Since 9/11, Says Iata
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Global passenger traffic data for February 2020 showed that demand (measured in total revenue passenger kilometers or RPKs) fell 14.1 percent compared to the same month in 2019, due to the coronavirus (Covid-19), the International Air Transport Association (IATA) said on Thursday. “This was the steepest decline in traffic since 9/11 and reflected collapsing domestic […]

Travel Agents: IATA Flexible on BSP Payments but Picks Vouchers Over Refunds

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Travel Agents: Iata Flexible On Bsp Payments But Picks Vouchers Over Refunds
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Alexandre de Juniac, the director general and CEO of the International Air Transport Association (IATA), on Thursday said that travel agents can make settlements to the BSP billing system “a bit later”, without penalties, due to the crisis the coronavirus (Covid-19) pandemic has caused to the industry. “We know that our members and business partners rely […]

Covid-19: Travel Agents Request Extension to BSP Payments and Solution to Refunds

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Covid 19: Travel Agents Request Extension To Bsp Payments And Solution To Refunds
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The International Air Transport Association (IATA) says it may grant extensions to the deadline for payments to its electronic billing system BSP (billing and settlement plan) for travel agencies when necessary, due to the impact the coronavirus (Covid-19) pandemic is having on travel. Responding to a request by three Greek travel sector bodies, IATA said […]

Airlines Pressing to Offer Vouchers Instead of Refunds Due to Covid-19

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Airlines Pressing To Offer Vouchers Instead Of Refunds Due To Covid 19
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The International Air Transport Association (IATA) and Airlines for Europe (A4E) on Wednesday expressed dismay to the European Commission’s new guidelines on the application of the EU261 passenger rights regime. According to an announcement by both bodies, the new guidelines are “disappointing and unhelpful”, falling far short of the “simple and temporary alleviation”