IATA, the International Air Transport Association, has predicted that for 2021, European airlines will see an average load factor of 65%. Business class fares in the United States are, on average, pricing 70% higher than 2020 fares for March 2021 departures. So for now, the airlines have raised their 2021 prices to make up for the lack of demand. And, he says, the budget airlines' point to point flying created entirely new markets, purely by offering lower fares. Related content Parking in a pandemic: Grounded planes scramble for storage spaceThat won't be immediate -- Dunn's betting on summer 2022.

Source: CNN December 30, 2020 11:48 UTC