Wednesday, October 8, 2025

Latest

IATA: Global Passenger Traffic Plummeted 66% in 2020

Global air passenger levels suffered a dramatic drop in 2020, after numerous countries imposed tough border restrictions in order to curb the rapid spread of the deadly coronavirus.

According to the International Air Transport Association (IATA), “The year 2020 brought an unprecedented challenge to the airline industry in a form of closed borders, strict travel controls, and depressed travel confidence – all effects of the pandemic.” As a result, passenger traffic fell by the most in aviation history, plummeting by a staggering 66% last year. IATA data also found that demand for air cargo dropped by 10.6% from 2019, which is the largest year-over-year decline since the agency started monitoring cargo performance in 1990.

The industry group also warned that the emergence of new, more transmittable strains of Covid-19 could further impact air travel demand in 2021, and thus subdue the recovery even further. “As countries strengthen travel restrictions in the face of new coronavirus variants, it is difficult to see improvements in passenger demand or the capacity crunch. 2021 will be another tough year,” IATA’s CEO Alexandre de Juniac explained.


Information for this briefing was found via the IATA. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Emergencies Act Inquiry: Trudeau Made The Right Decision to Declare National Emergency During Anti-Vaccine Protests

The highly anticipated Emergencies Act Inquiry found that Prime Minister Justin Trudeau made the right...

Friday, February 17, 2023, 03:55:20 PM

Delta Airlines Posts $5.7 Billion Q2 Loss Amid Reduced Air Travel Demand

Although much of the US has been steadily lifting restrictions and reopening for business, Americans...

Wednesday, July 15, 2020, 06:38:00 PM

Former Fauci Adviser Apologizes After Memo Reveals Allegations of Illegal Activity: “I Was Making A Joke”

Hours after the release of several seemingly damning emails revealing his provocative COVID-era communications, Dr....

Friday, May 24, 2024, 10:37:00 AM

American Airlines Struggles to Meet Surge in Travel Demand, Forced to Cancel Hundreds of Flights

American Airlines has announced it was forced to cancel hundreds of flights over the weekend...

Monday, June 21, 2021, 04:46:00 PM

Liberal Government Earmarks $30 Billion in Additional Covid-19 Spending in Latest Fiscal Update

The federal government has released details of its fall economic landscape, which includes additional spending...

Saturday, December 18, 2021, 11:13:00 AM