Air transport descends into a downward spiral

DECRYPTION – Companies are bearing the brunt of the resurgence of the Covid-19 epidemic. Many are in danger of disappearing, as states cannot continue to help them all.

Turn the page. Forget the nightmare of 2020. A few months ago, all the airlines expected a restart of the activity in 2021. Alas, the irruption of the English and South African variants of the Covid-19, just like the slowness of the process vaccination, broke the timid improvement observed at the end of December. According to Eurocontrol, which tracks flights in Europe, traffic was down on January 27 by 66% compared to 2019, the last “normal” financial year. The horizon over which the sector expects to return to its pre-crisis level of activity is moving further away

Now the airlines are holding their breath. They are still expecting a very difficult exercise. In its last opinion published a few days ago, the ICAO (International Civil Aviation Organization) only promises blood and tears to the sector, evoking “a generalized recession for this year“. Iata, the association that unites the 290 global airlines, is counting on a

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