Some people need a reminder. Click on each airline to see where we were through March 2020. Forget that “V-recovery”. The charts show the first three months in 2020, so you expect a decline from the full year in terms of traffic. But take a look at that load factor drop for perspective. April will be worse.

The forecast ignores the past two years and now, optimistically, points to a mythical future. The bubble is truly burst.

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