More airlines could fail as forward bookings stall

Airlines are facing a difficult first half in 2021 after a recovery in bookings sparked by positive news about COVID vaccines stalled, leading to renewed warnings some carriers might not survive.

Forward bookings for February and March are down more than 80 percent year-on-year globally as COVID cases have increased and governments have reimposed travel restrictions.

The restrictions halted a sluggish recovery prompted by news about the availability of COVID vaccines towards the end of the last year and affected recovering domestic markets in Russia and China.

The International Air Transport Association has been lobbying unsuccessfully to replace quarantine restrictions with a global read more ⇒

Source:: AirlineRatings.Com

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