The damage to the airline industry from the coronavirus pandemic last year totaled $391 billion in lower revenue as 60% fewer passengers took to the skies, according to a tally by the International Civil Aviation Organization.
The financial hardship has continued into 2021 as airlines try to cope with a double-dip recession. Experts are maintaining their outlook for a prolonged depression in passenger demand that will likely keep airlines at a diminished size for several years.
ICAO estimated...
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