In its reported cited by Bloomberg, Jefferies said that the latest demand shock to hit the airline industry is the largest drop in data that goes back to 1978, and it even dwarfs the impact seen during the 2001 terrorist attacks and the 2008 financial crisis. “It’s unprecedented,” said Jefferies analyst Sheila Kahyaoglu.
https://www.zerohedge.com/markets/its-unprecedented-global-air-travel-poised-worst-year-ever
