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New data illustrate the jet fuel demand collapse

Ben Geman, author of Generate
Expand chart
Data: TSA; Chart: Axios Visuals

Newly released data from the Transportation Security Administration show that U.S. air travel is slowly coming back but remains nowhere near pre-pandemic levels.

Why it matters: The massive global drop-off in air travel is one major reason why oil demand has fallen so much this year.

Go deeper: IEA cuts oil demand forecast, citing "stalling" mobility

Go deeper

Joann Muller, author of Navigate
Nov 21, 2020 - Economy & Business

Airlines plot course for coronavirus survival

Illustration: Aïda Amer/Axios. Photo: Ann Ronan Pictures, Bettmann/Getty Images

With the coronavirus pandemic worsening and no more help in sight from the U.S. government, airlines and airports are scrambling to survive the worst crisis in aviation history.

Why it matters: Promising vaccines offer hope for a recovery, but not until large swaths of the global population are immunized, and that could take years. To get people flying again, airlines are pushing testing and rethinking the travel experience.

Deep Dive (8 min. read)Arrow
Fadel Allassan
57 mins ago - World

Putin foe Navalny to be detained for 30 days after returning to Moscow

Russian opposition leader Alexey Navalny. Photo: Oleg Nikishin/Epsilon/Getty Images

Russian opposition leader Alexey Navalny has been ordered to remain in pre-trial detention for 30 days, following his arrest upon returning to Russia on Sunday for the first time since a failed assassination attempt last year.

Why it matters: The detention of Navalny, an anti-corruption activist and the most prominent domestic critic of Russian President Vladimir Putin, has already set off a chorus of condemnations from leaders in Europe and the U.S.

Go deeper (2 min. read)Arrow
Axios
2 hours ago - Politics & Policy

Biden picks Warren allies to lead SEC, CFPB

Photo: Justin Sullivan/Getty Images

President-elect Joe Biden has selected FTC commissioner Rohit Chopra to be the next director of the Consumer Financial Protection Bureau (CFPB) and Obama-era Wall Street regulator Gary Gensler to lead the Securities and Exchange Commission (SEC).

Why it matters: Both picks are progressive allies of Sen. Elizabeth Warren (D-Mass.) and viewed as likely to take aggressive steps to regulate big business.

Go deeper (1 min. read)Arrow