Air travel plunged 60% in 2020 as nations closed borders and restricted travel to slow the spread of Covid-19, the International Civil Aviation Organization said in a report.
Airports and air navigation services providers lost a further $115 billion and $13 billion, respectively. A recovery, the ICAO said, will hinge on the successful rollout of vaccines, which have now started to be distributed. Several governments have also provided or are in talks with carriers about bailouts.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.