Global airlines reduced their 2020 traffic forecast on Tuesday, after a small summer rebound evaporated amid renewed coronavirus outbreaks and travel restrictions.
Full-year passenger traffic is set to decline 66 percent, the International Air Transport Association (IATA) said, compared with a previously forecast 63 percent decline.
A rebound in Russia’s domestic market, up 3 percent on last year, contrasts with Australian flights still down 88 percent and Chinese internal traffic still 19 percent lower year-on-year, IATA said.
Cargo demand was down 12.6 percent in August, an improvement on July’s 14.4 percent decline, it also said. The grounding of passenger jets has reduced capacity, supporting prices.