Only a few airlines collapsed in 2020

What is surprising about 2020 is not how many airlines collapsed or entered bankruptcy of one kind or another. Only around 30, out of a total of thousands.

The surprise, in an unimaginably dreadful year, where international capacity fell to around one tenth of its previous level and many domestic operations fared only slightly better,  was that so few airlines went out of business.

And, at the same time many new airlines saw fit to enter the market.