Like every sector in the world, the aviation sector has also been greatly affected by the pandemic of the corona virus. In 2020, 64 airlines were shut down due to direct or indirect effects of the Corona virus after it spread from Wuhan, China.
It is known that various restrictions have been imposed at most of the world’s airports to prevent the spread of the corona virus. As a result, airports began to empty and airline revenues fell. News from CNN.
However, analysts expected the aviation and tourism sectors to turn around and return to normal in 2023. But even in this situation several airlines are going bankrupt.
According to data from UK-based booking company Flight Center, air fares will increase by an average of 36 percent in 2023. Due to this, the number of passengers is decreasing and the airlines are under pressure.
A company called ForwardKeys analyzed data from ticketing databases of international airline travel agencies. According to them, the number of global flight bookings in the first quarter of 2023 is 22 percent lower than in 2019.
These include the Middle East (down 5 percent), North and South America (9 percent), Europe (15 percent) and Africa (18 percent). Airline closures are not a new phenomenon. However, this pandemic has affected the aviation sector more negatively than recent economic downturns, wars or terrorist attacks
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