News Snapshot:
Fitch Ratings has revised private forecasts of the global passenger traffic for the 2021 and 2022 on account of the Omicron mutations. International and regional airlines are braced for more volatility due to the varied strain Omicron of COVID-19. According to the news, carriers will need to be able to change programs and destinations at the last minute and to rely more on the domestic markets where it is possible. With many travelers having already booked travel for the holiday season, a peak period for the carriers, there are growing concerns in the industry that cancellations and future bookings will...
