Experiencing some turbulence

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.

To read the article, see “Taking stock of the pandemic’s impact on global aviation,” March 31, 2022.