Analysis: Irish aviation looks to chart a path through the pandemic
The global airline industry is forecast to lose $84 billion in 2020. Irish airlines, airports and all the businesses they support are scrambling to survive, with some 25 per cent of Irish pilots at risk of losing their jobs. How will Irish aviation find ways to survive without decimating itself?
Of the 16 sectoral reports issued by the Department of Business last week, none was more grim than the one on aviation and aerospace.
The reviews detailed the challenges that lay ahead for all segments of the economy and warned that the global airline industry was forecast to lose $84 billion this year.
To put this in perspective, it’s three times higher than the losses incurred in the sector during the financial crisis of a decade ago....
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