The International Air Transport Association said it expects airlines to lose $84.3 billion this year, with a net profit margin of minus-20%. It said revenues will fall 50% to $419 billion. Losses will be cut to $15.8 billion in 2021 as revenues rise to $598 billion. Alexandre de Juniac, director general, said that, financially, 2020 will go down as the worst year in the history of aviation with $230 million being lost every day – or $37.54 per passenger. He said that provided there is not a second and more damaging wave of COVID-19, “the worst of the collapse in traffic is likely behind us.” A key to the recovery, said de Juniac, is universal implementation of the re-start measures agreed to through the International Civic Aviation Organization to keep passengers and crew safe. With the help of effective contact tracing, he said, these measures “should give governments the confidence to open borders without quarantine measures.”