Data 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