It looks like the airline industry is in for a bumpy ride – in the near-term at least.
According to research by UBS, over 50% of the respondents to its survey said they would not travel for three months or more.
The Swiss banking giant interviewed 6,000 people, split equally between the UK, Germany, France and the US in July and August.
Overall, the outlook for the next 12 months looks better with an 8% reduction seen in leisure flights a 17% fall in business travel predicted.
UBS says the year-on-year shift is slightly less than it had anticipated internally, which perhaps bodes well for the industry.
In the year-to-date, British Airways owner IAG (LON:IAG) has lost two-thirds of its value.
It is reportedly burning through £20mln a day, is in a deadlock with the unions and has been forced to tap the market for £1.4bn.
The workforce challenges aren’t quite so difficult for budget carrier easyJet (LON:EZJ).
Even so, the shares have plummeted 57% since the start of the year amid worries over the leisure travel market.