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Air travel improves gradually as new challenges emerge: IATA

Posted : 03 December 2021 09:22:03 | By TWO Bureau | GNN Bureau

Air travel improves gradually as new challenges emerge: IATA

According to the Air Passenger Market Analysis, Global air travel continued to slowly recover in October, with industry-wide revenue passenger-kilometres (RPKs) 49.4% below October 2019 values. There was widespread improvement, with domestic and international RPKs both contributing to the recovery in October.

The progress seen this month came on the back of rising vaccination rates and decreasing air travel restrictions. But new infection rates are growing globally, and in particular in Europe.

Domestic RPKs dropped by 21.6% in October 2021 versus October 2019, following a 24.2% fall in the month before. This is the second consecutive upward move, after a decline in August caused by the spread of the COVID-19 Delta variant in Asia.

Moreover, the emergence of the Omicron variant is likely to negatively impact the recovery. While it is too early to see an impact in bookings, travel restrictions have immediately been re-imposed, and uncertainty is now much higher. Where stability had been slowly and steadily regained, this will affect consumer confidence and dampen demand.

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Tags : #Air Travel, # Rising vaccination, # return of demand, # Domestic RPK, # Revenue passenger per kilometer,

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