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The interminable descent into hell of the airlines

2020-12-04T18:40:32.417Z


Not all companies will manage to survive the unprecedented crisis that has hit them.The peak of the Covid has plunged all airlines this year. Globally, their revenues have been divided by three, from $ 838 billion to $ 328 billion. The industry has jumped back seventeen years in the number of travelers carried, with 1.8 billion passengers instead of 4.5 billion in 2019. Restructuring, bankruptcies, consolidation… The air transport landscape will no longer be the same at the end


The peak of the Covid has plunged all airlines this year.

Globally, their revenues have been divided by three, from $ 838 billion to $ 328 billion.

The industry has jumped back seventeen years in the number of travelers carried, with 1.8 billion passengers instead of 4.5 billion in 2019.

Restructuring, bankruptcies, consolidation… The air transport landscape will no longer be the same at the end of a recovery that will extend over four to five years… or more.

In early November, Eurocontrol, the intergovernmental air navigation organization, built three recovery scenarios depending on the effectiveness of the vaccines and the end of the pandemic.

The most optimistic predicts a return to the 2019 level in 2024 at the earliest, if the vaccination has been widely deployed in the summer of 2021. Second option, the vaccination is widely available in the summer of 2022. In this case, the trafficking of 2024 would only represent 92% of that of 2019. Third scenario, the most

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Source: lefigaro

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