NOURNEWS- Korea Air, the flagship airline of South Korea, recently released a report on its financial performance, announcing that the state of emergency and quarantine has been declared by the government of various countries under the influence of the widespread and deadly crisis of the dangerous and deadly corona virus. Air pollution and strong demand for domestic and international flights led to revenue in the first quarter of 2020, South Korea's 2.35 trillion won, or $ 1.9 billion, up 689 billion won from the same period last year. $ 559 million has been reduced.

According to the website simpleflying, the Korean airline also reported that it had set a new and unprecedented record in its history and lifetime due to the global crisis, with a loss of $ 57 billion or $ 46 million.

With the outbreak of the corona virus in many countries around the world, many airlines have canceled flights to large parts of the world that are currently heavily involved with corona until further notice in order to prevent the spread of the virus and maintain public health. And they have been suspended.

The cancellation of flights has caused airlines to suffer huge financial losses, and many high-traffic airlines and their revenue streams have changed to a state of inactivity. Many of the planes have now landed at major airports around the world.

All of this has led many aviation experts and analysts to compare the damage caused by the Coronavirus outbreak on the aviation and tourism industry to the September 11 terrorist attacks on the Twin Towers in the United States. The dangerous virus will be much, much more widespread; Corona is expected to be the world's biggest nightmare for airlines.

The Corona virus, or Covid-19, has severely paralyzed the world's aerospace industry, pushing many airlines to the brink of collapse and bankruptcy, and many more to major financial crises.

ISNA