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Note on the Global Airline Industry in 2020
Benjamin Gomes-Casseres; Jacob JuddTechnical Note IVEY-9B21M011-EEconomics, StrategyIn 2019, the global airline industry generated revenues of over US$880 billion. One year later, as the COVID-19 pandemic raged, demand had fallen to half of its previous level and airlines faced tough challenges. The COVID-19 pandemic was a new and severeStarting at €8.20