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Assessment of U.S. Passenger Airline Industry in General- Airline industry is one of the industries that got the hardest hit by the Covid-19 crisis why

Assessment of U.S. Passenger Airline Industry in General- Airline industry is one of the industries that got the hardest hit by the Covid-19 crisis why is that? Try to address the question from the perspectives like the nature of the business, cost structure of the business, demand shock, cyclicality, etc.

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