Tag Archives: costs

Airlines unable to cut costs deep enough to save jobs

Airlines unable to cut costs deep enough to save jobs

The International Air Transport Association (IATA) presented new analysis showing that the airline industry cannot slash costs sufficiently to neutralize severe cash burn to avoid bankruptcies and preserve jobs in 2021. IATA reiterated its call for government relief measures to sustain airlines financially and avoid massive employment terminations. IATA also called for pre-flight COVID-19 testing […]

Sri Lanka waives off parking and landing costs for international flights from 26 December

Sri Lanka waives off parking and landing costs for international flights from 26 December

Sri Lanka has decided to waive off parking and landing costs for international flights when the country opens up its skies later this month after being shut down for over eight months due to the COVID-19 pandemic. The cabinet approved a proposal by the tourism minister to waive off landing and parking fees for all […]

COVID-19 pandemic costs the tourism industry USD 935bn

COVID-19 pandemic costs the tourism industry USD 935bn

Official-esta.com has looked into the biggest revenue loss and the highest percentage of GDP lost per country to reveal which countries have been financially impacted the most by the loss of tourism caused by COVID-19. Travel and tourism is one of the main industries to be gravely affected by COVID-19, leaving many countries with no […]

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