Airline industry to lose $95 billion, IATA mulls digital travel pass

The International Air Transport Association says the air travel industry has been weakened as governments continue to tighten travel rules in light of the COVID-19 pandemic and new virus’ variants.
The body said it was preparing for recovery later this year and would launch a digital travel pass in March.
The Director General, Alexandre de Juniac, disclosed this in his remarks at a press briefing on Wednesday.
Mr. Juniac added that the industry would continue to burn cash this year. Its forecast for total annual cash burn for airlines is pegged between $75 billion and $95 billion, a feat he said the industry would be able to withstand without government relief.
“We need to plan for the recovery,” Mr. Juniac said, “We will need a way to digitally manage health credentials, and we need a secure global standard to record test results and vaccinations.”
The travel pass, which will formally launch at the end of March, will facilitate travel by putting COVID-19 test results and vaccine certificates in one digital format, speeding up check-in processes.
A list of airlines such as Air New Zealand, Copa Airlines, Etihad Airways, Emirates, Qatar Airways, Malaysia Airlines, RwandAir, and Singapore Airline have started their trials with IATA Travel Pass.
A new global report by IATA revealed that the airline industry would remain cash negative throughout 2021.
The association’s November analysis indicated that airlines would turn cash positive in the fourth quarter of 2021.
It, however, admitted on Wednesday, “It is already clear that the first half of 2021 will be worse than earlier anticipated. This is because governments have tightened travel restrictions in response to new COVID-19 variants. Forward bookings for summer (July-August) are currently 78 percent below levels in February 2019 (comparisons to 2020 are distorted owing to COVID-19 impacts).”
IATA detailed that 2021 will prove “much tougher than previously expected with the government tightening border and restriction.”
Mr. Juniac urged the government to provide more emergency relief.
“A functioning airline industry can eventually energise the economic recovery from COVID-19. But that won’t happen if there are massive failures before the crisis ends. If governments are unable to open their borders, we will need them to open their wallets with financial relief to keep airlines viable,” he explained.
On health management, Mr. Junaic noted that the association’s travel pass would enable travellers to securely control their health data and share it with relevant authorities.
“The IATA Travel App will help to set the bar very high for managing health credentials, protecting against fraud, and enabling a convenient travel process. While there is a choice in the market for solutions, there should be no compromise on the fundamentals, or we risk failing systems, disappointed governments and travellers, and a delayed restart,” he added.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

World
Apple overtakes Nvidia briefly to become world’s most valuable company
Apple’s leap on Friday briefly made it the first time that the hardware and software manufacturer had the biggest capitalisation’s title for the first time since April 2025.

Heading 2
Canada-based Nigerian Michael Ikechukwu declared wanted over criminal harassment, probation violation
The police noted that Officials he regularly visits Kitchener and Waterloo.

Africa
DRC recorded 828 Ebola deaths, 2,124 cases: WHO
The WHO noted that the latest patient was discharged on July 16 after testing negative twice.

World
Taco Bell’s iceberg lettuce responsible for cyclospora infections in five U.S. states: CDC
In a separate health advisory, the U.S. Food and Drug Administration (FDA) said cyclospora is a parasite that can only be seen under a microscope.

World
Venezuela twin earthquakes death toll hits 5,000, over 16,000 injured
The earthquakes tore through La Guaira state, a port town, and also affected some part of Venezuela’s capital, Caracas.

Heading 4
Trump threatens Canada with more tariffs over wildfire smoke polluting U.S.Â
Mr Trump stated, “This is willful negligence, and becoming a yearly occurrence, costing the United States billions of dollars.”





