Airline Industry Losses Top $370 Billion

The International Civil Aviation Organization (ICAO) said that as seating capacity fell by around 50 per cent last year, that left just 1.8 billion passengers taking flights through 2020, compared with around 4.5 billion in 2019. That adds up to a staggering financial loss to the industry of around $370 billion, “with airports and air navigation services providers losing a further 115 billion and 13 billion, respectively”, said ICAO. As the coronavirus began its global spread, the air industry came to a virtual standstill by the end of March. Following widespread national lockdowns, by April the overall number of passengers had fallen 92 per cent from 2019 levels, an average of the 98 per cent drop-off seen in international traffic and 87 per cent fall in domestic air travel.

Has Released Global Action Plan For The Prevention Of Runway Excursions (GAPPRE)

Runway excursions are the most frequent type of accident in aviation and regularly are identified as one of the most serious risks for large and small aircraft. Because of the complexity of the risk factors, preventing runway excursions requires coordination and commitment among numerous stakeholders. The release of the Global Action Plan for the Prevention of Runway Excursions (GAPPRE) is the culmination of a two-year effort and demonstrates the industry’s commitment to preventing runway excursions.