Air travel down 60 per cent, as airline industry losses top $370 billion: ICAO

Jan 16, 2021, at 03:47 pm

New York: A new report from the UN’s air transportation agency confirms there was a “dramatic” fall in international air travel due to COVID-19, of around 60 per cent over the course of last year, to levels last seen in 2003.

Aviation industry losses to top $84 billion in 2020: IATA

Jun 10, 2020, at 08:36 am

Geneva: The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%.