COVID-19 Hits Airlines Industry

The COVID-19 pandemic is having a big impact on Airlines Industry,affecting passenger traffic ,air cargo demand and airport workforce.Drastic reduction of fleets, staff cuts,closure unprofitable subsidiaries   ,Travel restriction and security measurement.Significant reduction of passenger numbers have resulted in plane flying empty between airport and the cancellation flight ,which is  turn massively reduced airline revenue and forced to lay off the airlines staff or declared bankruptcy.It happened to the one of oldest airlines in the world Avianca from Colombia and the biggest airlines in south America LATAM .

According to International Air Transport Association IATA ,estimated that the airlines industry lose between US$ 63 to 113 billion of revenues due to te reduced number of passengers.

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