What Does The Future Hold For Aviation In 2021?

It’s tough to emphasise the extent to which the COVID-19 outbreak has devasted the aviation industry. Revenues for the industry are expected to reach $350 billion in 2020, up 40% from the previous year. That’s the same as it was in 2001 in nominal terms. For years to come, the industry is projected to be smaller; we don’t expect traffic to rise to 2020 levels before 2024.

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