New York – The International Air Transport Association (IATA) announced that its initial assessment of the impact of the Novel Coronavirus 2019 outbreak (COVID-19) shows a potential 13% full-year loss of passenger demand for carriers in the Asia-Pacific region. Considering that growth for the region’s airlines was forecast to be 4.8%, the net impact will be […]
According to the Amadeus Air Traffic Travel Intelligence report recently released, budget flights in Europe and other regions are trending to dominate air travel. The report reveals low cost carriers taking up as much 14% of all air travel, while cheap flights in Europe account for 38% overall.
One of the world’s most competitive budget airlines, Europe’s Ryanair, reported better than expected profits today. The Dublin-based airline which made a name for itself with cost cutting, is now a favorite with travelers needing to do the same. On the news, Ryanair said net profit April to September jumped some 10%, while sales increased […]