Performance in 2020
The year 2020 was the most challenging year in aviation history, with the global pandemic causing almost a complete halt to air travel. Total operating income was USD 433.6 billion, down by 71% between years. EBIT was negative by USD 363.0 million down by USD 323.7 million from 2019 million. Net loss amounted to USD 376.2 million, as compared to net loss of USD 57.8 million in 2019. COVID-19 related impairment amounted to USD 136.1 million, thereof, impairments related to goodwill of USD 116.2 million and impairments of investments in associates of USD 19.9 million.