New analysis from EUROCONTROL reveals that COVID-19 led to a staggering €56.2 billion in net losses for Europe’s airlines, airports and air service navigation in 2020.
The losses are a result of 1.7 billon fewer passengers and 6.1 million less flights than in 2019, with traffic between Europe and the rest of the world down 59% and intra-European traffic suffering a 54% decline.
The UK (-61%); Spain (-61%); Italy (-60%); Germany (-56%); and France (-54%) all suffered a dramatic fall in traffic as markets across the continent declined by between 40% and 73% during the year...read here
