International Air Traffic Decreased By 86% Year-On-Year In January
Global airline body International Air Transport Association (IATA) has said that the crisis deepened for airlines in January, as international traffic plunged by 86% in the month compared to pre-crisis levels.
Tightening Travel Restrictions
New variants of the coronavirus forced governments to tighten travel restrictions across the world, hurting the outlook for airlines, the group warned.
IATA Chief Economist Statement
"That is what drove the weakness and the low points in January," IATA chief economist Brian Pearce said. "Airlines are facing a really tough start to the year."