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The pandemic has been tough on the aviation industry. In 2020, most subsectors—including airports, original-equipment manufacturers (OEMs) of aircraft, and catering operations—reported massive losses. The exceptions: freight forwarders and cargo airlines, which benefited from a rise in demand for air cargo.

Air cargo airlines and freight forwarders enjoyed increased demand, but all other aviation subsectors were hard hit by the pandemic.
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To read the article, see “Taking stock of the pandemic’s impact on global aviation,” March 31, 2022.