DALLAS – The catastrophe of 2020 saw global airline revenues fall to 2000 levels, leading to a record loss of US$168bn. Across the aviation ecosystem, only freight forwarders and cargo carriers made a profit.
Even before the pandemic, though, most airlines lost money. In fact, the airline industry has failed to earn its cost of capital every year of its existence.
But in the years preceding the pandemic, something began to change. Despite the industry’s overall weak performance, a small group of airlines did well. The chart below plots the economic performance of 122 airlines from 2012-2019.
It shows that over that read more ⇒
Source:: “Airways Magazine”