COVID-19

COVID-19: What you need to know about the coronavirus pandemic on 25 November

Lufthansa airplanes are parked at Frankfurt airport as air traffic is affected by the spread of the coronavirus disease (COVID-19), in Frankfurt, Germany, March 23, 2020. Arne Dedert/Pool via REUTERS - RC2RPF9TG5IU

Airlines are set to lose $157 billion this year and next, according to the latest forecasts. Image: Reuters

Joe Myers
Writer, Forum Agenda
Share:
Our Impact
What's the World Economic Forum doing to accelerate action on COVID-19?
The Big Picture
Explore and monitor how COVID-19 is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

COVID-19

  • This daily round-up brings you a selection of the latest news and updates on the COVID-19 coronavirus pandemic, as well as tips and tools to help you stay informed and protected.
  • Top stories: Americans urged to stay at home over Thanksgiving; new forecast for airline industry losses; France to begin easing lockdown.
Have you read?

1. How COVID-19 is affecting the globe

Confirmed cases of COVID-19 have now passed 59.7 million globally, according to the Johns Hopkins Coronavirus Resource Center. The number of confirmed deaths stands at more than 1.4 million.

Tokyo is set to ask bars and restaurants to operate shortened hours, following sharp rises in COVID-19 infections.

A Japanese campaign promoting domestic travel has also been paused in two cities - Sapporo and Osaka - as a result of rising infections.

Italians have been warned by Prime Minister Giuseppe Conte not to ski over the Christmas holiday, in order to help curb a second wave of the COVID-19 pandemic.

France is set to begin easing its COVID-19 lockdown this weekend, in a gradual reopening, that won't see restaurants, cafes and bars reopening until 20 January. “We must do everything to avoid a third wave, do everything to avoid a third lockdown,” President Emmanuel Macron said.

The four nations of the United Kingdom have agreed a plan to relax restrictions over the Christmas period. Up to three households will be able to create a 'bubble' and meet at home from 23-27 December.

Using blood plasma from COVID-19 patients to treat others with severe pneumonia caused by the virus has little benefit, according to data released from a clinical trial in Argentina.

Britain has reported its highest COVID-19 death toll since May, with 608 deaths.

Loading...

2. Americans urged to stay at home

US health officials and politicians have urged Americans to stay at home over the Thanksgiving holiday.

There are fears the holiday weekend could fuel a surge in infections across the country, as the daily death toll climbed about 2,000.

Daily new confirmed COVID-19 cases per million people in selected countries
Cases continue to rise in the United States. Image: Our World in Data

“We are on fire with COVID,” Kentucky Governor Andy Beshear said on CNN, defending unpopular restrictions he ordered last week that included new limits on retail activity and school closures. “We’re just trying to do the right thing.”

More than half of states have imposed, or reimposed, restrictions in the face of rising infections.

3. Airlines set to lose $157 billion

The International Air Transport Association (IATA) has forecast airlines will lose $157 billion over this year and next, as a result of the travel slump caused by the COVID-19 pandemic.

The downgraded forecast, which stood at $100 billion in June, comes despite the promise of COVID-19 vaccines.

“The positive impact it will have on the economy and air traffic will not happen massively before mid-2021,” IATA Director General Alexandre de Juniac told Reuters.

Passenger numbers are expected to drop to 1.8 billion this year from 4.5 billion last year and will recover only partially to 2.8 billion next year. Passenger revenue for 2020 is expected to have plunged 69% to $191 billion.

The average airline has enough liquidity to survive another 8.5 months, but others have just weeks.

Discover

What is the World Economic Forum doing to manage emerging risks from COVID-19?

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:
COVID-19Global Health
Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

Winding down COVAX – lessons learnt from delivering 2 billion COVID-19 vaccinations to lower-income countries

Charlotte Edmond

January 8, 2024

About Us

Events

Media

Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2024 World Economic Forum