AERO TRADING GROUP Corp

Data shows US airline total revenue falls by almost half in 2020

Data shows US airline total revenue falls by almost half in 2020Data shows US airline total revenue falls by almost half in 2020

According to data presented by TradingPlatforms.com, the total operating revenue of all US airlines amounted to just $130B in 2020 – a 47% YoY decrease from 2019. 2020’s figure was the lowest recorded within the reporting period of 2004 – 2020. Airlines from the US collectively registered a net loss of 24.6bn in 2020 a 256% decrease from 2019 when US airlines registered a combined net profit of $15.71bn. 2020’s net loss was an even greater contraction than the one felt during the recession of 2008 when net loss was at $18.17bn. In 2019, US carriers handled an estimated 926

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