Dizzying losses, the looming threat of bankruptcies and tens of thousands of people thrown out of work: the aviation industry has been devastated by COVID-19 and there is still no light at the end of the tunnel. The sector may be unrecognisable when it finally emerges.
What is the state of air traffic?
Air traffic took a beating due to the COVID-19 pandemic, dropping by two-thirds last year according to the International Air Transport Association (IATA).
The airline trade association’s chief economist Brian Pearce called it “the biggest shock the industry of air travel has ever experienced.”
At 1.8 billion, the number of passengers fell back to the level of 2003, according to…