An increase in air travel has stalled, but United Airlines says it will resume once the current resurgence in new coronavirus cases is over
United Airlines executives said Wednesday that travel will rise when the number of new coronavirus cases drops but airline revenue will stall around 50% of pre-pandemic levels until there is a vaccine.
No doubt United would settle for 50% of normal sales right now. Its revenue plunged 89% in the second quarter, pushing the Chicago company to a $1.6 billion loss.
Air travel was slowly recovering until the number of confirmed coronavirus cases in the U.S. surged, especially in the Sun Belt, starting around late June. New York, New Jersey and Connecticut now require visitors from 31 states to quarantine themselves for 14 days upon arrival, and other states have similar edicts.
About 530,000 people went through U.S. airport security…
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