![]() "We have seen basically a pause since then," Wilson added.Īirlines and travel agencies are hopeful that rising vaccination rates and new medicines would make a difference. "We were seeing accelerating openings until Omicron," Campbell Wilson, chief executive of Singapore Airlines budget offshoot Scoot, said at an event held in Sydney by market-intelligence company CAPA Centre for Aviation. ![]() Japan has banned foreigners, the United States is requiring a COVID-19 test 24 hours before flying, and travellers to Singapore now must be tested daily for seven days after arrival. agencies specializing in aviation and tourism pleaded on Tuesday for travel restrictions in response to new coronavirus variants to be imposed only as a last resort. While investors are taking heart from anecdotal evidence that suggests the new variant might not be as lethal as originally feared, it could take weeks, even months to know its effect on the course of the pandemic. He said the airline's domestic business remained strong but the new travel restrictions had dampened demand in some international markets.Īirline stocks have recovered some ground following a sell-off last week. "If there's anything (in the way), it just delays recovery," he said. American has the largest debt stock in the U.S. ![]() American Airlines incoming Chief Executive Robert Isom told Reuters the Texas-based carrier's return to profitability is contingent on a full-scale recovery in travel demand.
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