IATA experts believe that next year European airlines among the regions of the world will suffer the most. Their total losses could be nearly $12 billion. At the same time, losses to the global aviation industry will amount to $38.7 billion. By the end of this year, they will exceed $118 billion.
According to IATA forecasts, in 2020, the indicator that estimates passenger traffic in Europe will decrease by 70%. In other regions of the world, the drop in passenger traffic will be more significant.
Thus, in Africa, it will decrease by 72%, and in the Middle East — by 73%. Next year, the share of European airlines in the total global air traffic will amount to only 47.5%. At the same time, the share of airlines in the Asia-Pacific region will reach 50%, and the share of North American countries — 60.5%.
IATA previously stated that 2020 would be the worst year in the history of global aviation. The coronavirus pandemic has devastated the global aviation industry.