Airline industry losses top $370bn

The International Civil Aviation Organization has confirmed that global passenger traffic suffered a dramatic 60 percent drop over 2020, bringing air travel totals to below 2004 levels


Number of passengers carried (billions)

9/11 terror attacks: U.S. sees temporary 30% fall in air travel

2002-03 SARS: Outbreak costs Asia Pacific carriers $6bn in revenue

2009 economic crisis: U.S. carriers lose $24bn

2020 pandemic: Carriers lose $370bn, airports lose further $115bn


 1.67.  1.89   2.25 2.63 3.47  4.50		5
 				   1.8 		4
		TOTAL		   1.3		3
		DOMESTIC	   0.5		2
 		INTERNATIONAL			1
						0
2000 	05 	10 	15 	20 	2021	


Losses to airline passenger operating revenues

North America -$88bn
Europe -$100bn
Latin America, Caribbean -$26bn
Africa -$14bn
Middle East -$22bn
Asia-Pacific -$120bn


Sources: International Civil Aviation Organization, World Bank
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