28
Thursday
January 2021
5:13 AM IST
News Headlines
Unlucky Kerala shares spoil with Jamshedpur        England team lands in Chennai, Indians arrive in batches for first two tests        Israel military revising operational plans against Iran        France's Sanofi to boost Pfizer vaccine supply amid EU shortages        Hero MotoCorp to commence its operations in Mexico soon        GHIAL to raise US $300 Mn through bond issue for Hyderabad airport expansion        Cabinet approves MSP of Copra for 2021 season        Rajnath speaks to his US counterpart, the two NSAs also talk, Indo-US ties to deepen further        RJD should cancel it's proposed human chain in view of Republic Day violence: Sushil        Two farmer unions withdraw from protest against farm laws        One million COVID-19 vaccine doses administered in India in just 6 days: Health ministry        England near Sri Lanka's 1st innings total after Root's 186        Srikanth resumes training after BAI gets mandatory quarantine time reduced        Melbourne century very special as it was crucial for series victory, says Rahane        FinMin allocates Rs 660 cr additional funds to MP for capex        Markets may remain volatile in holiday-shortened week: Analysts        US condemns Russia's use of harsh tactics against protesters, journalists        Egypt says it has launched vaccination against coronavirus        Qureshi says Pakistan ready to work with new US administration        MP government trying to crush farmers' voice: Kamal Nath        
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International News
As virus cases spike, financial outlook for world's airlines dims
 
Washington: With coronavirus cases spiking in the US and Europe, the financial outlook of the world's airlines is getting worse.

Airlines will lose more than USD 157 billion over this year and next because of the pandemic, their main trade group said on Tuesday.

The forecast from the International Air Transport Association was worse than the group's June estimate of USD 100 billion in losses for the two years. The latest estimate breaks down to airlines losing USD 66 for every passenger carried this year.

However, the trade group now sees a quicker recovery. It said airlines will begin taking in more cash than they spend in the fourth quarter of 2021, earlier than it had previously forecast, on the belief that travel will increase as COVID-19 vaccines becomes available.

US airline stocks rose Tuesday on further encouraging news about vaccines. But industry officials are pressuring governments around the world to move more quickly by lifting travel restrictions for passengers who test negative for the new coronavirus.

We cannot wait for the vaccine that will not be fully available before mid-2021, said the trade group's chief, Alexandre de Juniac. We need testing in the meantime.

Lufthansa Chairman and CEO Carsten Spohr called passenger testing a bridge toward the vaccination of travellers.

Airlines and airports have launched trial testing programs in the United States, the United Kingdom, Germany and elsewhere. It is unclear, however, whether test results will ever replace quarantines and other restrictions.

Qantas CEO Alan Joyce said that once vaccines are widely available, the Australian carrier will likely require cross-border travellers to show proof of vaccination.

Last year, airlines carried 4.5 billion passengers, according to the trade group. It estimates that number will plunge to 1.8 billion this year, then rise to 2.8 billion next year.

Passenger revenue is expected to decline 69 per cent this year, but cargo loads are expected to rise next year partly from the shipment of vaccines.


Israel military revising operational plans against Iran
France's Sanofi to boost Pfizer vaccine supply amid EU shortages
US condemns Russia's use of harsh tactics against protesters, journalists
Egypt says it has launched vaccination against coronavirus
Qureshi says Pakistan ready to work with new US administration
Larry King, broadcasting giant for half-century, dies at 87
UN: Violence in Sudan's Darfur killed 250, displaced 100,000
At 78 and the oldest president, Biden sees a world changed
Experts: 15 more days to reach trapped China mine workers
Global Teacher Prize winner Ranjitsinh Disale hails Biden's education focus
India provides 1 million doses of COVID-19 vaccine to Nepal
China silent on why its top leaders are yet to take COVID-19 vaccine
''Democracy has prevailed,'' says Biden in his maiden speech as US President
Census Bureau director to resign amid criticism over data
California becomes first state to top 3 million virus cases
Biden to propose 8-year citizenship path for immigrants
N. Korea''s parliament rubber stamps new development plans
Kremlin critic Navalny detained after landing in Moscow
'Rooting hard for you': Will departure notes end with Trump?
Kremlin critic Navalny departs Berlin on Moscow-bound flight
ENTERTAINMENT NEWS
George Clooney says Capitol attack put Trump family 'into the dustbin of history'
 Los Angeles: Hollywood star George Clooney has condemned the attack on the Capitol Hill in the US by  
'Mean Girls' won't be returning to Broadway
Ian McKellan is 'happy' Elliot Page came out as transgender
A R Rahman thanks fans for support during 'difficult times'
KERALA NEWS
Fire in luggage van of running train doused in time in Kerala
 Thiruvananthapuram: A fire broke out in a luggage van of a running train in Kerala on Sunday and was
Kerala logs 5,005 new COVID-19 cases, 4,408 recoveries
5,960 new COVID-19 cases, 27 deaths in Kerala
Kerala transport corporation MD alleges Rs 100-crore scam
NATIONAL NEWS
Cabinet approves MSP of Copra for 2021 season
 New Delhi: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on We
Rajnath speaks to his US counterpart, the two NSAs also talk, Indo-US ties to deepen further
RJD should cancel it's proposed human chain in view of Republic Day violence: Sushil
MP government trying to crush farmers' voice: Kamal Nath
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