May air traffic picked up from April low on fare cuts -IATA

Global passenger air traffic rose 30% in May from a very low level in April, as airlines cut domestic fares by an average 23% to encourage customers to return, the International Air Transport Association (IATA) said on Wednesday.

"Airlines need cash because of the crisis and they're seeking to encourage passengers into seats by offering low fares," IATA Chief Economist Brian Pearce said during an online presentation.