DUBLIN — International and domestic travel demand showed “significant momentum” in July compared to the previous month but remained overall 53 per cent below what was recorded in the same month in 2019, according to the International Air Transport Association (IATA). “Extensive government-imposed travel restrictions continue to delay recovery in international markets,” said the IATA, which represents almost 300 airlines carrying around 8 in 10 of the world’s passengers. There were huge differences between some regions and between domestic travel, which by July had recovered to within around 15 per cent of pre-pandemic numbers, and international, where the difference was a whopping 73.6 per cent, the IATA said. In June, domestic travel was 22 per cent less than the same month two years ago, while international travel was down 80 per cent. The hardest hit region remains the Asia-Pacific, which in July saw a near 95-per-cent-fall in international traffic compared to 2019, only slightly better than during the worst of the pandemic.
KUALA LUMPUR — Singapore Airlines reported a net annual loss of 212 million Singapore dollars (149 million US dollars) for the year to March 31, the first time in the carrier’s 48-year history that it failed to earn an annual profit. The airline’s revenue was down nearly a billion dollars on 2019, when it posted a 683-million-dollar profit. The carrier put the reversal largely down to the impact of the new coronavirus pandemic – which halted most international travel even before Singapore’s government closed the country’s borders and imposed a lockdown on April 7. “Market conditions deteriorated abruptly in February,” Singapore Airlines noted in a statement. The airline signalled in March that it would be forced to temporarily ground 96 per cent of its capacity due to the pandemic.