The airline industry recorded a total loss of $126 billion dollars in 2020 as the sector grappled with the effects of the Covid-19, which saw passenger aircraft grounded worldwide, posting the worst year on record.
The International Air Transport Association (IATA) said in the recently released World Air Transport Statistics (WATS) that the losses were occasioned by a sharp decline on number of passengers, which was down by 60.2 percent from the previous year.
