Dr. Perryman outlines the state of the tourism and travel industry -- and why the US has lost the most money of any country due to the industry's difficulties.
Air travel was one of the hardest hit industries when the COVID-19 pandemic and the resulting shutdowns occurred in the spring of 2020. Things are looking up, but continue to be well below pre-pandemic levels. The recent weekend of cancellations and delays illustrates one aspect of the ongoing challenges.
One of the industries hardest hit by the pandemic has been airlines. The sharp decrease in demand for air travel due to shutdowns and safety concerns has severely crimped revenues and profits. Companies are struggling to maintain service and, in some cases, to survive intact.