Business

U.S. airlines issued $12.8 billion in travel refunds -A4A letter By Reuters

© Reuters. FILE PHOTO: A basic view of the worldwide arrival terminal at JFK airport in New York October 11, 2014. REUTERS/Eduardo Munoz

(Reuters) – Eleven U.S. airlines issued $12.84 billion in money refunds to clients in 2020 because the coronavirus pandemic upended the travel business, in addition to billions of {dollars} in vouchers, in accordance with the pinnacle of business commerce group Airlines for America.

The redemption of vouchers at present account for 10% to 15% of carriers’ month-to-month ticket gross sales and are anticipated to extend in coming months “as the pandemic winds down and markets and venues re-open,” the group’s chief government, Nicholas Calio mentioned in a letter to lawmakers on Friday seen by Reuters.

Disclaimer: Fusion Media wish to remind you that the info contained in this web site is just not essentially real-time nor correct. All CFDs (shares, indexes, futures) and Forex costs are usually not supplied by exchanges however somewhat by market makers, and so costs might not be correct and will differ from the precise market value, which means costs are indicative and never applicable for buying and selling functions. Therefore Fusion Media doesn`t bear any duty for any buying and selling losses you would possibly incur because of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or harm because of reliance on the knowledge together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable relating to the dangers and prices related to buying and selling the monetary markets, it is likely one of the riskiest funding varieties attainable.




Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker