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13-Jan-2021 11:15 AM

IATA: Forward bookings are weakening despite positive vaccine news

IATA chief economist Brian Pearce stated (12-Jan-2021) airline forward bookings are weakening despite positive vaccine news. The increasing forward bookings trend which rose on vaccine news was reversed at the end of 2020, with a marked decline from 23-Dec-2020 onwards. Forward bookings indicate a weak 1Q2021, before any vaccine boost, with bookings down more than 80% year-on-year in Feb/Mar-2021. [more - original PR

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