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Aviation

Cash Crisis at Airlines

IATA: Airlines to Burn US$77 Billion in Cash in H2 2020

The International Air Transport Association (IATA) warned that the airline industry will burn through $77 billion in cash during the second half of 2020 (almost $13 billion/month or $300,000 per minute), despite the restart of operations.

Ethiopian Airlines

Ethiopian Unveils COVID-19 Global Insurance Cover

Ethiopian Airlines Group, the Largest Aviation Group in Africa, will cover the medical insurance including repatriation, evacuation and quarantine costs related to COVID-19 as of 01st of October 2020 until 31st of March 2021.

Preflight COVID-19 Testing

American Airlines to Offer Preflight COVID-19 Testing

As part of an ongoing effort to help protect customer health and safety, inspire confidence in air travel and advance the industry’s recovery from the coronavirus (COVID-19) pandemic, American Airlines is collaborating with several foreign governments to begin offering preflight COVID-19 testing for customers traveling to international destinations, starting with Jamaica and the Bahamas.

Air Traffic Forecast

IATA Continues to Downgrade Traffic Forecast

The International Air Transport Association (IATA) downgraded its traffic forecast for 2020 to reflect a weaker-than-expected recovery, as evidenced by a dismal end to the summer travel season in the Northern Hemisphere.

Covid-19 test before flight

Airports Call for Widespread Deployment of COVID-19 Testing

Airports Council International (ACI) World has reinforced industry calls for the widespread deployment of COVID-19 testing of international passengers before travel as an alternative to restrictive quarantine measures.

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