International air transportThe latest financial data survey report released by the Association (IATA, hereinafter referred to as "IATA") shows that in the second quarter of 2021 compared with the first quarter, the overall net loss of airlines has decreased, especially the financial performance of North American airlines has improved significantly with the rebound of domestic travel in the United States。Despite the overall improvement in the aviation industry, new pandemic restrictions and stringent international travel restrictions in some domestic markets pose downside risks to the industry recovery。
The rapid spread of the Delta variant caused airline shares to fall sharply in early August。The authorisation of new vaccines approved by the US FDA and the decline in the number of infections in China have brought optimism to the industry outlook。In August, airline shares in North America and the Asia-Pacific region rose month-on-month。Since the beginning of the year, the recovery of the industry has been limited, and with the emergence of the mutant virus, the full reopening of international travel remains uncertain。
Airline net loss decreased in the second quarter of 2021
Iata's preliminary survey for the second quarter of 2021 shows an overall moderation in airline net losses compared to the first quarter of 2021。North American airlines generally returned to normal, and domestic traffic rebounded with the vaccination。
In the second quarter of this year, the best performing international airlines were North American and Latin American airlines, with domestic and regional air traffic improving in the second quarter。On the other hand, the improvement of Asia-Pacific and European airlines was small, and international travel remained inactive。Before the pandemic, international travel was an important source of revenue for airlines。
Despite the reduction in net losses, restrictions on international travel remain tight due to restrictions imposed due to new outbreaks, which have affected the recovery of domestic markets, such as China。Downside risks to further industry recovery in the coming quarter are increasing。