Traveller - Michael Gebicki

Where in the world is air travel recovering fastest?

Airlines were gutted in 2020. More than 60 per cent of the world's commercial aircraft were grounded. Whole fleets headed off to spend months in the warm, dry, desert sunshine of aircraft storage facilities. In April 2020, the International Air Transport Association warned that 25 million jobs were at risk due to plummeting demand for air travel caused by COVID-19. According to an International Civil Aviation Organisation (ICAO) report, 'Effects of Novel Coronavirus (COVID-19) on Civil Aviation', released on July 6, 2021, the world's airline industry lost US$371bn in gross passenger revenue in 2020, with another loss of $US286-317bn expected in 2021.

Full Article

Not a member?
Take a look at our member benefits