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The aviation industry forecasts 100% filling the planes this vacation

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The aviation industry forecasts 100% filling the planes this vacation
Michał Kaczmarzyk, source: Newseria

The Covid-19 pandemic sparked the largest crisis in the aviation industry in history. As estimated by the IATA (International Air Transport Association) in last year's report, in 2020-2022, airline losses may reach a total of $200 billion, of which nearly $140 billion was in 2020 – the worst year, when air traffic was virtually stopped for many months. The estimated loss for last year is $52 billion, and this year it is expected to decrease to $12 billion.

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