December 2020 756 The Covid-19 pandemic has had a devastating impact on the airline industry, as countries worldwide shut down borders and limited travel to control the spread of the virus.
Massive cancellations of flights since the beginning of 2020 caused staggering losses to the world's largest airline companies and huge drops in airline passenger traffic.
According to data presented by AksjeBloggen.com, the global air passenger traffic is expected to drop by 60 per cent to 1.8 billion in 2020.
Before the coronavirus outbreak hit the globe, the airline industry grew at a steady pace across all countries. The International Air Transport Association data showed the number of scheduled passengers handled by the global airline industry had been increasing for the last 15 years and jumped from 1.9 billion in 2004 to 4.5 billion in 2019.