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Covid to cost airlines £7bn more than predicted

Slower than anticipated vaccine rollout will raise costs, says International Air Transport Association * Coronavirus – latest updates * See all our coronavirus coverage A slower than anticipated global vaccine rollout and wider failure to get Covid under control will cost airlines $10bn (£7.2bn) more than previously predicted, according to the organisation that represents global airlines. The warning from the International Air Transport Association came as Ryanair chief executive Michael O’Leary warned on Wednesday there would be “seismic” cut in capacity across the industry due to the pandemic, including up to 25% fewer flights in Europe. O’Leary said travel from the UK to the EU would become more expensive and cumbersome as a result of Brexit, while leisure travel would not return to normal until 2023. Continue reading...
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