The health crisis caused a 71% drop in passenger numbers for single flights and 66% for package flights. As a result, Luxair s net result is -€155m. Despite an increase in cargo volume, the additional costs generated did not help the situation.
The impact of the health crisis on the airline industry is well known. According to the International Air Transport Association (Iata), international passenger traffic in 2020 was 75.6% lower than in 2019. And this is confirmed, in figures, in Luxair s 2020 report published on Monday.
The company ended the year with an operating result of -€159.8m and a net result of -€154.9m, compared to -€8.7 and €8m, respectively, the previous year. Revenues of €263.1m fell by 57%.
Can a busy summer travel season revive the aviation industry?
Heading into summer, airline bookings in April and May were pretty positive for domestic travel while bookings for international journeys remained exceptionally weak as travel restrictions continued in many countries due to new cases of the Covid-19 virus, according to the International Air Transport Association (Iata).
To determine if summer will provide a lift, a patchwork of issues are in play: a global vaccination effort rallying sentiment in some parts of the world to a devastating spike in Covid-19 cases throughout India and parts of southeast Asia. Meanwhile, can pandemic-era pushes for immunity passports, digitalisation and carbon offsets prove to have staying power?
Domestic demand sees upsurge but international travel still largely shutdown: IATA ANI | Updated: May 06, 2021 12:00 IST
Geneva [Switzerland], May 6 (ANI): Air passenger traffic fell in March compared to pre-Covid levels (March 2019) but rose compared to the immediate month prior (February 2021), the International Air Transport Association (IATA) has said.
Total demand for air travel in March measured in revenue passenger kilometres was down 67.2 per cent compared to March 2019. That was an improvement over the 74.9 per cent decline recorded in February 2021 versus February 2019.
The better performance was driven by gains in domestic markets. International traffic remained largely restricted.
International passenger demand in March was 87.8 per cent below March 2019, a very small improvement from the 89 per cent decline recorded in February 2021 versus two years ago.
March global air cargo traffic increased 4.4% compared to the same month in 2019, reaching the highest level recorded since the International Air Transport Association (IATA) reports began in 1990, and month-over-month demand increased at a slower pace of 0.4%, due to a softer performance by Asia-Pacific and African carriers. March 2021 saw a slower […]
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May 5th 2021, 8:13
The International Air Transport Association (Iata) is urging governments to tackle the problem of expensive Covid-19 tests which could threaten the recovery of travel.
An Iata survey of costs for PCR tests – most frequently required by governments – showed wide variations in prices across 16 countries.
Only France has complied with the World Health Organisation (WHO) recommendation for the state to bear the cost of testing for travellers.
In the other 15 markets, the average minimum cost for testing was $90 and the average maximum cost for testing was $208.
Before the pandemic, the average one-way airline ticket cost $200, including taxes and charges.