Rough landing: 2020 will be a terrible year for air transportation

Rough landing: 2020 will be a terrible year for air transportation

Global demand in air transport will not return to its pre-Covid-19 level before 2023. The unprecedented slump in international travel will make 2020 a terrible year for the air transportation industry: Euler Hermes expects airlines’ aggregate revenues to plummet by USD310bn to USD525bn and profitability to become negative with a staggering USD60bn operating loss. Though lockdowns are now gradually being lifted and borders are starting to re-open, a central scenario anticipates a progressive exit lasting another six months, leading to a U-shaped recovery in 2021. As a result, demand in global air transport should fall by -37% (4q/4q) in 2020 before rebounding by +39% and +10% in 2021 and 2022, respectively.

Please fill in this form to download the publications.

  • This field is for validation purposes and should be left unchanged.

The data collected are subject to automated processing under the responsibility of AU GROUP for communication and recruitment management purposes.

Your personal data remains confidential and is intended for internal services and our possible service providers in charge of communication operations.

In accordance with the applicable regulations, we remind you that you have a right of access to the data concerning you or the right to request their deletion. You also have the right to object to the processing of your data, the right to rectify and the right to limit the processing of your data ( or more information on your rights). To exercise these rights or if you have any questions about the processing of your data, you can contact us at the following address:

You also have the option of using the unsubscribe link in our emails to receive our recruitment news. Finally, you have the right to lodge a complaint with a supervisory authority. For more information on the management of your personal data, please consult our privacy policy available at the following address: