‘Never seen anything like this’: Bookings for overseas flights from US plummet

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Bookings for international flights departing the U.S. suffered another steep decline over the past week, as would-be passengers concerned about COVID-19 shied away from travel commitments. 

ForwardKeys, a data firm that tracks more than 17 million business and leisure bookings each day, exclusively told Yahoo Finance’s “On The Move” on Wednesday that U.S. international bookings dropped 36.5% year-over-year for the period of January 20 to March 8.

Most strikingly, in the week of March 2, cancellations for international flights departing from the U.S. outpaced bookings, according to Olivier Ponti, Vice President for ForwardKeys Insights.

“Let’s be clear about this. We’ve never seen anything like this before. This is unprecedented and it’s going extremely, extremely fast,” Ponti said. “The situation is changing at a very fast pace.”

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