Aviation companies globally are facing headwinds with many international airlines either going belly up or in administration for want of liquidity amid slump in air travel demand and continued curbs on visa and movement restrictions owing to the coronavirus pandemic. According to the International Air Transport Association, the industry will likely not recover to pre-pandemic levels until 2024.
International flights won’t resume until mid-2021 – Qantas Airways
On August 20, 2020 Qantas Airways said that the pandemic cost it 4 billion Australian dollars ($2.9 billion) in revenue in the last fiscal year and warned that international travel won’t resume before mid-2021.
