United Kingdom
United States
Asia Pacific
A4A: full recovery for US airlines is years away
US airlines will be grappling with the economic fallout of the Covid-19 pandemic for years to come, says trade group Airlines for America.
The group doesn’t see a full recovery until 2024.
"We don’t see any significant increase in demand. We don’t see it fully rebounding until 2024," A4A CEO Nicholas Calio told reporters.
"We are doing everything we can to keep our companies afloat. People talk about the situation being dire. It is dire. Right now, we’re fighting for survival. No bones about it."
Calio said the industry is already a smaller one compared to earlier this year before the pandemic, which means less choice and reduced capacity.
It will shrink further without immediate assistance from the taxpayer, he said.
"Our hope is that there will be more aid coming from the government in terms of a new CARES Act."
The current funding expires at the end of this month.
From October airlines are finally permitted to make job cuts and tens of thousands are likely to lose jobs if no new bailout is announced.
There has been little progress on new funding through Congress but President Trump said this week financial help will be made available for airlines.
Passenger traffic is still down about 70% with nearly one-third of all passenger jets sitting idle.
Written by Ray Montgomery, US editor
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
British Airways passengers endure 11-hour 'flight to nowhere'
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak