The corona pandemic will be felt in the airlines' books for a long time to come. The aviation association expects a loss of around 75 billion euros worldwide.

IATA continues to express its displeasure with the ongoing pandemic and the consequences for the industry. The airline's umbrella association is expecting the worst financial slump in aviation history this year: by the end of the year, a total net loss of almost 75 billion euros can be expected.

After this historical low point, a recovery can be expected, but this will only take place gradually, as is the case orf.at reported. That is why a high net loss is also expected in the next year - 15 billion euros. One of the reasons for this is the fact that travelers would not return to their old travel habits after the CoV shock.