172@29@17@138!~!172@29@0@53!~!|news|world|domestic-air-travel-down-70-recovery-likely-to-be-slow-iata-5173701.html!~!|controller|infinite_scroll_article.php
Moneycontrol
Financial Freedom Offer: Subscribe to Moneycontrol Pro and grab benefits worth ₹15,000/-
you are here: HomeNewsWorld
Last Updated : Apr 21, 2020 08:05 PM IST | Source: Reuters

Domestic air travel down 70%, recovery likely to be slow: IATA

While domestic markets will open sooner than long-haul, the damage done to consumer confidence will undermine a quick recovery, Brian Pearce, chief economist with the International Air Transport Association, told journalists on a conference call.

Reuters

Domestic air traffic is down 70 percent globally and the recovery over the coming six months is likely to be slow due to the damage coronavirus has done to economic conditions, the industry's representative body IATA said on Tuesday.

While domestic markets will open sooner than long-haul, the damage done to consumer confidence will undermine a quick recovery, Brian Pearce, chief economist with the International Air Transport Association, told journalists on a conference call.

Close

"The economic environment that we are expecting over the next six months is really not conducive to any substantial return to air travel for financial reasons... which is why we are expecting to see that recovery in the third quarter to be relatively modest," Pearce said.

Follow our full coverage of the coronavirus pandemic here.
First Published on Apr 21, 2020 07:55 pm
Sections