Airlines sustain skeleton global networks on cargo revenues ...Qatar

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Pandemic-induced crisis continues to be devastating and unrelenting for the global economy, aviation industry in particular. The Covid-19 crisis literally challenged the industry for its very survival this year. In the face of a half trillion-dollar revenue drop (from $838bn in 2019 to $328bn so far in 2020) airlines have cut costs by $365bn (from $795bn in 2019 to $430bn in 2020), according to data provided by the International Air Transport Association. The silver lining, however, is that air cargo is performing better than the passenger business. It could not, however, make up for the fall in passenger revenue. But it has become a significantly larger part of airline revenues and cargo r

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Last updated : 25 Nov 2020 clock 08:45 PM

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Airlines sustain skeleton global networks on cargo revenues ...Qatar

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