Initial third-quarter financial results from airlines show airlines have had low revenues due to weak travel demand caused by the coronavirus pandemic as global fleet capacity has increased, the International Air Transport Association said in their monthly airlines financial monitor on Oct. 21. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Both passenger and cargo demand continued to recover in August. However, the pace of recovery remains gradual and passenger demand continues to lag the rise in seat capacity. Global base passenger yields declined in August as airlines sought to improve weak travel demand with price stimulation in the economy cabin,” IATA said. Lower revenue due to poor passenger demand would continue until 2022, IATA said. Revenue passenger-kilometers, a measure of the amount of revenue an airline receives per passenger per kilometer traveled, had risen for the fourth consecutive month in August […]