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The airline industry has been one of the hardest hit sectors by the COVID-19 pandemic, as travel restrictions and lockdowns severely reduced the demand for air travel. Many airlines suffered huge losses, cut costs, laid off staff and sought government support to survive the crisis. Since then, as countries across the globe pursued reopening efforts, the airline industry began to show clear signs of recovery. Starting in 2021 and extending further into 2022, travel demand rebounded dramatically, especially for domestic and leisure travel.
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