Credit rating agency Moody's Investor Service on Tuesday changed the outlook for the global airline industry to positive from negative stating that vaccinations will drive strong growth in travel demand over the next 12-18 months. Increasing coronavirus vaccinations around the globe will allow governments to lower barriers to entry for visitors and reentry for residents returning home," Moody's Investor Service said in a report. "Leisure traffic will lead the charge to the boarding gates, while corporate trips and international long-haul will follow, initially at slower paces. "Increasing vaccinations will be critical for restoring and sustaining passenger airline operations in these countries and across the globe," it added. “ With offices in many countries opening by fall 2021, this will facilitate the beginning of the corporate travel recovery," added Root.

Source: Mint May 11, 2021 13:32 UTC