“Financially, 2020 will go down as the worst year in the history of aviation. On average, every day of this year will add $230 million to industry losses. In total that’s a loss of $84.3billion,” said Alexandre de Juniac, IATA’s Director General and CEO, in a statement.

The first peer-reviewed analysis of the impact of health policies suggests that the toll would have been vastly worse without lockdowns, social distancing, travel restrictions and other interventions.