After Months of Steep Declines, Air Traffic Is Picking Up
The airlines have lost billions of dollars in revenue with virtually no demand during the coronavirus pandemic. Now they are seeing more bookings despite concern from passengers.
The summer travel season is kicking off this year with more uncertainty than any time in recent memory. The coronavirus pandemic has led millions of people to cancel vacation and travel plans. Airlines have lost billions of dollars in revenue, flying nearly empty planes and canceling tens of thousands of flights.
The said more than half of the industry's 15.8 million workers have lost their jobs, and the group forecasts spending on travel this holiday weekend will be about a third of last year's levels â $4.2
