Skytra - airline ticket derivatives venture - starts weekly COVID-19 update

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Skytra, the London-based subsidiary of Airbus, which is developing a derivatives trading venue to help airlines directly hedge passenger ticket prices, has announced a data partnership with the International Air Transport Association (IATA) and a weekly COVID-19 update on pricing trends.

IATA is the world’s largest data provider of air travel ticketing information. 

While this data will support Skytra's long-term goal of creating indices to underpin a new class of futures and options contracts, the immediate impact of COVID-19 on the air travel industry prompted Skytra and IATA to also begin publication of weekly reports on regional revenue trends for the airline industry.

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