2020 has probably been the toughest year ever for the global airline industry, as the pandemic forced governments to declare lockdowns and reduce mobility to prevent the spreading of the covid-19 virus. Airlines lost $84.3 billion in 2020 for a net profit margin of -20.1% while revenues will fell 50% to $419 billion from $838 billion in 2019. What does the future look like for the industry?
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