Posted inWorld

A crash landing for global air transport firms

The Covid-19 pandemic has battered the air transport sector by grounding most planes, resulting in lay-offs, bankruptcies and rescue plans. The International Air Transport Association (IATA) has estimated global airlines will lose US$314 billion in 2020 revenues. That’s a 55% dive compared to 2019 and air traffic will not bounce back to where it stood […]