COVID-19 Is Already Reshaping the Global Airline Industry

With 20.9 million COVID-19 cases recorded and no end in sight, it is unclear when travel will become normal again - the International Air Transport Association (IATA) expects the global airline industry to lose $84.3 billion USD in 2020. Currently, countries around the world are suspending incoming and outgoing flights to impose nationwide lockdowns to help contain the pandemic ravaging the global airline industry that makes up 10 percent of the world's GDP."Financially, 2020 will go down as the...