Global air travel recovery will remain weak in near term due to omicron, aviation analyst says
freeze new ticket sales for quarantine-free travelSingapore's vaccinated travel lane program was key in the country's pivot to a "living with Covid" strategy and the latest move deals a significant blow to that effort. Shares of Singapore's travel stocks such as"Singapore Airlines is going to be impacted by the setback on the VTLs," noted Sobie, adding the move will further reduce its load factor, or the percent of seats filled.
He added things are not moving in the right direction for Asia-Pacific airlines, which is "very disappointing.""Things looked like they were starting to get better. Now, unfortunately, its just going in the opposite direction."
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