The entire airline industry took a tremendous hit in 2020, with countries worldwide shutting down borders and limiting travel as a response to the COVID-19 outbreak. Massive cancellations of flights to control the spread of the virus led to huge drops in airline passenger revenues and caused staggering losses to the world’s largest airline companies.

According to data presented by Stock Apps, Delta Air Lines, American Airlines, Lufthansa Group, United Airlines, Air France, and the International Airlines Group, as the world’s largest public airline companies based on sales, lost $110bn in revenue since the beginning of 2020.

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