Travel to Return First with Staycations post-Covid-19, Says WTTC

By admin 12 Μαΐου 2020 No comment

Photo source: WTTC Travel is likely to return first to domestic markets with staycations when travel restrictions are eased, according to the World Travel & Tourism Council (WTTC). In its outline on what the “Travelling in the New Normal” will look like as countries begin to end their Covid-19 lockdowns and ease travel restrictions, WTTC […]

Covid-19: Colombian Airline Avianca Files for Bankruptcy

By admin 11 Μαΐου 2020 No comment

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Colombian airline Avianca on Sunday filed for Chapter 11 bankruptcy in the US Southern District of New York, due to “the unforeseeable impact of the Covid-19 pandemic”. According to a company statement, Avianca’s scheduled passenger operations have been grounded since mid-March, reducing its consolidated revenue by over 80 percent and placing significant pressure on its

UNWTO: 96% of Global Destinations Impose Covid-19 Travel Restrictions

By admin 17 Απριλίου 2020 No comment

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Covid-19 has dramatically interrupted travel facilitation, openness – UNWTO Ninety-six percent of all worldwide destinations, as of 6 April, have introduced travel restrictions in response to the coronavirus (Covid-19) pandemic, the World Tourism Organization (UNWTO) said on Friday. Research carried out for a new UNWTO report shows that around 90 destinations

US Airlines to Get $25 billion Coronavirus Payroll Bailout

By admin 16 Απριλίου 2020 No comment

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Ten coronavirus-hit US airlines have tentatively agreed to a 25-billion-dollar injection to help them meet payroll needs through to September and to avoid massive layoffs in exchange for granting the US Treasury Department the option to exercise small ownership stakes. The US Treasury Department announced on Tuesday that 10 airline companies, including the country’s four

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

By admin 14 Απριλίου 2020 No comment

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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,”