COVID-19 caused the bankruptcy of 64 airlines
2023 was seen as the year when travel finally returns to normal after three years that saw the coronavirus pummel the industry.
Shrouq
The travel sector has been affected since the Covid-19 epidemic that struck the world in the spring of 2020, including airlines.
“CNN” news network stated that the commercial civil aviation sector was affected by the epidemic more than economic recessions, wars, or terrorist incidents.
64 airlines have suspended operations
Since 2020, at least 64 airlines have suspended operations, according to AllPlane.tv, a website that specializes in the aviation industry and air travel.
"If you look at the airlines that have gone out of business, it's a staggering number," said Steve Ehrlich, president of Pilots Together, a charity set up during the pandemic to help pilots who have been laid off from their jobs.
pandemic has exposed some vulnerabilities
"There have been significant impacts across a huge number of airlines. The pandemic has exposed some vulnerabilities (in airlines) that we may not have seen in some time," he added.
2023 was seen as the year when travel finally returns to normal after three years that saw the coronavirus pummel the industry.
booking still down
However, bankruptcies have returned for a number of airlines, while ticket prices are rising, as prices for economy class tickets increased by 36 percent, according to data from the “Flight Center”, a UK-based booking agency.
Reservations are still down 22 percent globally during the first quarter of 2023 compared to the same period in 2019, according to ForwardKeys, a company that provides comprehensive data on international travel reservations.
