| A full-year global passenger traffic results of The International Air Transport Association (IATA) for 2020 showed that demand (revenue passenger kilometers or RPKs) fell by a massive 65.9% compared to a 2019 – by far the steepest drop in aviation history. |
Furthermore, bookings keep falling strongly since late December. Not to mention, bookings for future travel made in January 2021 were down 70% compared to a year-ago. All this has resulted in pressurizing airline cash positions and potentially impacting the potential recovery process.
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