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.

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