The grim statistics of the devastated tourism industry :: Investor.bg



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The grim statistics of the devastated tourism industry

Photo: Bloomberg

The devastations caused by the coronavirus worldwide can hardly be quantified. Along with the number of people who have lost their lives due to contagion, the global economy faces a test as entire industries collapse. Tourism has suffered one of the worst blows, with the health crisis that affects the livelihoods of millions of people. As the corporate massacre is calculated, some numbers stand out and show just how deep the crisis is in the industry, writes the Wall Street Journal.

It takes six years for airlines to recover from the terrorist attacks of September 11, 2001, but the damage caused by the spread of COVID-19 is far greater than it will be, and therefore it will take longer for the industry to recover. stand up again.

After September 11, it was clear what adjustments needed to be made: locked and reinforced cabin doors, improved airport controls, and potentially dangerous passenger controls. However, it is not yet clear what measures should be applied after the health crisis that continues to shake the world.

Will we be wearing masks on planes? Will the middle seats have to be left empty like now to provide some distance? Will passengers need health cards that show they have antibodies to the pathogen or that they received a vaccine that does not yet exist?

The most important question of all is when will trust return to heaven, to airports, trains, buses, hotels, and even cruises. It has been a long time since the terrorist attacks – three years before the airline’s capacity is restored. The industry recorded accumulated net losses between 2001 and 2005 of $ 60.6 billion.

There is such a decrease in passenger traffic through New York airports in the past few days compared to the same period last year, according to New York and New Jersey airport authorities.

Takeoffs and landings decreased by 80% to 85%, according to Rick Cotton, executive director of the United States Airport Authority.

Quite a few: Freight traffic at Kennedy and Newark airports has not decreased significantly and has actually increased by between 5% and 6% in the last week of March. More and more, however, the products are medical supplies, says Cotton.

With this, the airline’s global flight capacity is reduced as of April 8, as measured by the mileage formula, according to data from the OAG chart analyzed by PlaneStats. North American airline capacity fell 72%; in Europe, 84% and in Asia, 61%.

In May, even fewer flights are expected, with only United reporting that it has withdrawn 78% of its domestic flights and 89% of scheduled international travel next month.



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