Air travel demand continues to slow down - News Summed Up

Air travel demand continues to slow down


0Southern Times WriterHarare - Growth in global air travel demand continues to slow, sliding from 7.8 percent year over year (YoY) in June 2018 to 4.5% by May 2019. This has been revealed by a report by BCD Travel, a provider of global corporate travel management“The performance of the global economy has been key to this trend, and it’s likely that growth will moderate further in 2020. The collapse of carriers like Air Berlin, flybmi, Jet Airways and Wow Air has encouraged some airlines to pursue higher yields. In China and India, strong demand, changes in competition and regulatory developments mean travellers face rapidly rising fares. That applies to intercontinental travel in both business and economy class and to regional flights in economy.


Source: The North Africa Journal December 18, 2019 02:26 UTC



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