U.S. exports of food and agricultural products to the Republic of Cuba in January 2021 totaled $19,018,549, compared to $13,421,660 in January 2020.
German airline Lufthansa posted a record €6.7 billion annual loss and said it is dependent on a successful vaccine rollout to get people flying again.
The airline industry is expected to remain cash negative throughout 2021. New estimates for cash burn are in the $75–$95 billion range.
The World Travel & Tourism Council (WTTC) has warned that nearly £27 billion will be lost from the UK economy if the government delays restarting international travel until May 17.
International Airlines Group (IAG) has reported a loss of €7.4 billion for financial 2020 as the Covid-19 pandemic wrought havoc in the aviation sector.
Business travel has been one casualty of the coronavirus pandemic, yet Airbnb plans to capitalize on the newfound work-life balance that emerged during the shift to remote work.
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