In the second quarter of 2020, the revenues generated by Latin American airlines through passenger transportation plunged by 95 percent in comparison to the same period of the previous year, due to the global restrictions imposed on travel as a result of the COVID-19 pandemic. In contrast, airlines' cargo revenues increased by 11 percent in those three months. Nevertheless, this could not make up for the revenue losses in air passenger transportation in this industry. By the end of 2020, the airport industry in Latin America and the Caribbean could lose up to 6.5 billion U.S. dollars in revenue, when compared to a pre-COVID-19 scenario.
Change in airlines' revenue due to the COVID-19 pandemic in Latin America in 2nd quarter 2020, by type
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IATA. (October 20, 2020). Change in airlines' revenue due to the COVID-19 pandemic in Latin America in 2nd quarter 2020, by type [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1139179/growth-revenue-airlines-latin-america-type/
IATA. "Change in airlines' revenue due to the COVID-19 pandemic in Latin America in 2nd quarter 2020, by type." Chart. October 20, 2020. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1139179/growth-revenue-airlines-latin-america-type/
IATA. (2020). Change in airlines' revenue due to the COVID-19 pandemic in Latin America in 2nd quarter 2020, by type. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1139179/growth-revenue-airlines-latin-america-type/
IATA. "Change in Airlines' Revenue Due to The Covid-19 Pandemic in Latin America in 2nd Quarter 2020, by Type." Statista, Statista Inc., 20 Oct 2020, https://www.statista.com/statistics/1139179/growth-revenue-airlines-latin-america-type/
IATA, Change in airlines' revenue due to the COVID-19 pandemic in Latin America in 2nd quarter 2020, by type Statista, https://www.statista.com/statistics/1139179/growth-revenue-airlines-latin-america-type/ (last visited December 30, 2024)
Change in airlines' revenue due to the COVID-19 pandemic in Latin America in 2nd quarter 2020, by type [Graph], IATA, October 20, 2020. [Online]. Available: https://www.statista.com/statistics/1139179/growth-revenue-airlines-latin-america-type/
