The increasing number of cases of Covid-19 in the U.S. and the developing world will likely result in a less robust airline recovery this year than that projected by the International Air Transport Association as recently as a month ago, IATA officials said Wednesday during the group’s weekly briefing on the effects of the novel coronavirus on the air transport industry. About half of emerging markets have seen an increase in cases in June and, along with the U.S., they account for 37 percent of global revenue passenger kilometers (RPKs), noted IATA chief economist Brian Pearce. Meanwhile, travel between the U.S. and Europe, including the UK, accounts for 5 percent of global revenues, which Pearce called “significant,” particularly for European airlines whose reliance on still stagnant transatlantic travel have seen their international networks crippled.
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