International operations of US airlines will remain significantly curtailed through the summer
Moody s Investors Service on Tuesday revised its outlook for the global airlines industry to positive from negative, reflecting that industry fundamentals will materially improve over the next 12 to 18 months. This is despite the current record high daily infection rate in India, travel restrictions in countries with large amounts of traffic to and from India, and ongoing lockdowns in other countries. While the continuing pandemic means there is a risk of further disruption to air travel in various countries at various times, we expect increasing vaccinations will lower border restrictions and increase demand for air travel over the next 12 to 18 months, said Moody s Senior Vice President Jonathan Root.