In fact, although the performance is so poor, the public has long expected it. As early as last year, the International Aviation Association said that more than 300,000 aviation employees were unemployed and dozens of small and medium-sized airlines were forced to close down. Among them, Boeing, as the world's largest aircraft manufacturer, lost more than 70 billion yuan. At present, the company is planning to sell the headquarters building to maintain cash flow. However, the crisis has not been lifted. Analysts pointed out that Europe is still facing the third wave of epidemic, and the recovery of the aviation industry will have to wait until the second quarter at the earliest.
However, the media issued a document saying that some shocks may be long-term for airlines. Even Buffett had to admit last year that it was wrong to buy aviation stocks himself. Obviously, he played down the impact of the epidemic on the aviation industry. It is expected that the global aviation industry will return to the epidemic stage in the next few years.
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According to the annual report of China International Airlines, in 2020, the COVID-19 epidemic will have a great impact on the global aviation industry. The aviation industry, especially international air transport, has been at the forefront of the epidemic, and the global air transport volume has dropped sharply. Airline aircraft grounding, large-scale layoffs, shortage of operating funds, large-scale bankruptcy and reorganization and other issues have led to double pressure on aviation industry chain enterprises.
During the reporting period, more than 40 airlines around the world went bankrupt, and the serious decline in aviation volume caused by the epidemic and the subsequent slow recovery led to a reduction of 46 million related jobs in the global aviation industry. The International Air Transport Association (IATA) further lowered its industry forecast for 2020, and predicted that the net loss of global airlines would reach 1 185 billion US dollars.