Airlines cut European recovery outlook as pandemic drags on

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Airlines further lowered their European traffic outlook on Thursday, as lingering travel restrictions and concerns about a second wave of COVID-19 dent recovery prospects for the sector.

European passenger numbers are now expected to decline by 60% in 2020, the International Air Transport Association (IATA) said in a statement, putting some 7 million aviation and tourism jobs at risk. In June the airline body had predicted a 6-7 million jobs impacted, with passenger demand down more than 50%.

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