Business
Australian domestic air traffic collapsed in August – The Australian Financial Review
Air travel within Australia fell 91.5 per cent in August, contributing to another downward revision in the forecast for global traffic this year.
In terms of international travel, global traffic fell 75.3 per cent overall, with capacity sinking 63.8 per cent while the load factor plunged 27.2 points to an all-time low for August of 58.5 per cent.
Traditionally, cash generated during the busy summer season in the Northern Hemisphere provides airlines with a cushion during the lean autumn and winter seasons,” Mr de Juniac said. “This year, airlines have no such protection.
“Absent additional government relief measures and a reopening of b…
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