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.
The International Air Transport Association (IATA) has released new analysis showing that the airline industry is expected to remain cash negative throughout 2021.