rebound

Travel industry struggles to rebound from COVID-19

Marriott CEO Arne Sorenson described the sudden loss of hotel guests as “breathtaking in its decline.” Southwest Airlines CEO Gary Kelly said the plunge in ticket bookings had a “9/11-like feel.” Royal Caribbean Cruises CEO Richard Fain called the shutdown of his industry a “weird, unworldly” time.

Travel industry leaders spared no superlative in March when describing the instant devastation from the unfolding coronavirus crisis.

Yet six months after the World Health Organization declared a pandemic, the toll from COVID-19 turned out to be even worse for the industry in most cases, the projected timeline for a travel rebound and recovery extended again and again as case counts remain high, travel restrictions abound and business travel shows few signs of life.

U.S. airlines that had been confident $25 billion in government payroll aid would be the bridge they needed to keep workers employed until travel rebounded are less than

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Vacation trips, easing of travel rules fuel hopes of business jet rebound

By Allison Lampert

MONTREAL (Reuters) – A pick-up in leisure trips and easing European travel restrictions are driving demand for business jet flights this summer, fueling cautious hopes for a rebound in an industry hit hard by the coronavirus pandemic, executives and forecasters said.

Commercial and business aviation are both seeing improved domestic traffic this summer. But private flights, which carry smaller groups and promise wealthy passengers less risk of exposure to the coronavirus, have generally fared better than commercial airlines since the start of the pandemic.

U.S. business aviation traffic is down around 20% year to date through July 19 on an annual basis, compared to a decline in U.S. commercial airline traffic of 48% over the same period, according to FlightAware data.

Adam Twidell, chief executive at Private Fly, a global booking service for charter flights, said his company’s booking levels are around 80% of last year’s mark

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