Boeing cuts expenses to face long-term effects of COVID-19

Boeing’s results showed dire figures, especially for its Commercial Airplanes business. Boeing President and CEO David Calhoun pointed to the COVID-19 pandemic as the root of the company’s troubles. The fall in revenues for Commercial Aircrafts, declining from US$11,822bn to US$6,205bn year-on-year and featuring US$2bn in operating losses, could be foreseen from the recent succession […]

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Montserrat: Official COVID-19 Tourism Update

The Government of Montserrat through the Ministry of Finance and Economic Management (MOFEM), is providing financial assistance for individuals and businesses in the tourism sector, as part of its fiscal stimulus package in response to COVID-19. This package, which offers direct financial support to employees in the tourism sector, will be for a period of […]

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IATA: Passenger demand plunges as travel restrictions take hold

The International Air Transport Association (IATA) announced global passenger traffic results for March 2020 showing that demand (measured in total revenue passenger kilometers or RPKs) dived 52.9% compared to the year-ago period. This was the largest decline in recent history, reflecting the impact of government actions to slow the spread of COVID-19. In seasonally adjusted […]

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70% of tour operators reschedule trips to October 2020 and beyond

The results of an industry outlook survey tracking the impact of COVID-19 in the travel industry were released today. The survey of 592 tour operators was conducted in early April 2020. 42% of the respondents are US-based companies. 59% of the respondents specialize in multi-day tours, while 41% offer day tours. Almost 90% of the […]

– eTurboNews | Trends | Travel News
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