Airlines Reporting Corp. (ARC) today released data showing net sales from ARC-accredited travel agencies totaling over $1.4 billion in October 2020, up from nearly $1.2 billion in September 2020.* October 2020 sales were down 83% compared to October 2019, but this marks the fourth consecutive month of air ticket sales growth as the industry continues recovering from the COVID-19 pandemic.
“Momentum in the recovery continues to fluctuate as rules change regularly in different U.S. states as well as other countries,” said Chuck Thackston, ARC’s managing director of data science. “We are encouraged by what we have seen over the past several months but understand that a full recovery will take time.”
Month over month, October 2020 results showed:
- A 7% increase in the total number of passenger trips;
- U.S. domestic trips up 3%; and
- International trips up 17%.
German flag carrier Lufthansa expects the travel industry to take years to bounce back after taking a crushing blow from coronavirus-related restrictions.
“It will take months until the global travel restrictions are completely lifted and years until the worldwide demand for air travel returns to pre-crisis levels”, the press release read.
Lufthansa’s executive board took measures on Tuesday to “reduce the capacity of flight operations and administration long term” in an effort to weather the crisis.
Under the sweeping restructuring plan, low-cost airline Germanwings will be shut. All other branches will adjust their fleet sizes by phasing out some of the short-haul planes, while Eurowings will also downsize its long-haul operations.
As of Tuesday, over 72,600 people have died from about 1.27 million confirmed cases of coronavirus infection, while nearly 290,000 have recovered.