This year, financially, will be the hardest in the history of civil aviation. The International Air Transport Association published a report stating that airlines around the world will lose 74 billion euros – and about 14 billion more in the next. Daily losses exceed 200 million. And this is provided that there is no second wave of coronavirus and quarantine measures.
📉 "Financially, 2020 will go down as the worst year in the history of #aviation"— IATA (@IATA) June 9, 2020
IATA's new financial outlook shows that airlines are expected to lose $84.3 billion this year due to the #COVID19 crisis.
👉 Read more here: https://t.co/NF4MPTxdNe pic.twitter.com/el6x7VafWP
The head of IATA, Alexander de Junyak, said that the worst is over, but urged, for the sake of an early restoration of the industry, not to introduce total quarantine. In his opinion, those measures that are already being applied onboard airliners are quite adequate.
Against the backdrop of the crisis, orders for new airliners fell by 80-90%, and not only carriers but also manufacturers are suffering.
According to some experts, the aviation sector will need at least 2-3 years to reach the pre-coronary volumes of transportation and production of airliners.