26-May-2020 10:53 AM
ICAO: COVID-19 costs aviation industry more than USD36bn in Mar-2020 alone
ICAO reported (25-May-2020) it has worked with other 36 other organisations, including UN agencies, developmental banks and other organisations of the Committee for the Coordination of Statistical Activities to produce a report that provides a wide range of statistics on the ways the COVID-19 crisis is changing the world. According to ICAO, the chief impacts on aviation have been:
- 90% grounding of global commercial airline fleet by early Apr-2020;
- Global traffic decline in of 54% year-on-year in Mar-2020, a fall of 196 million passengers;
- 85 million passenger decline in Asia-Pacific traffic;
- 50 million passenger decline in European traffic;
- 35 million passenger decline in North American traffic;
- Global capacity decline of 38%;
- Global cargo tonnage decline of 792,000 tonnes;
- Airline revenue decline of USD28 billion;
- Airport revenue decline of USD8 billion;
- ANSP revenue decline of USD824 million. [more - original PR]