Kenya Airways has warned that "the worst year in the history of aviation", which drove it to massive losses in 2020, will result in depressed passenger numbers until at least 2023. Turnover fell nearly 60% and losses more than tripled to KShs37 billion ($337 million) last year. “It has been a tough year where we have faced unprecedented challenges," states chief executive Allan Kilavuka. "The situation continues to be difficult even as we gradually resume our operations, mainly due to the depressed demand for air travel, with recovery to 2019 levels expected to take between three to four years." He adds: "The scale of this challenge requires substantial change so we are in a competitive and resilient position to address the impact of Covid-19 and withstand any longer-term reductions in customer demand and any economic shocks or events that could affect the airline." Seat capacity was cut 47% and available seat-kilometres 57.6%. Passenger numbers fell 65% to 1.8 million, of whom the bulk travelled in the first quarter of the year before the pandemic fully hit. Kenya Airways says it operated a "a few" repatriation flights through the year, and cargo operations were ramped up to assist its home country's exports to Europe. Amid a lack of belly capacity on passenger flights, cargo volumes actually decreased 28%, but cargo earnings rose on stronger rates. The Kenyan government ordered the country's airline industry to largely shut down from April to August in a bid to curb the spread of Covid-19. Some domestic and international operations were restarted from mid-July and 1 August, respectively, but most services remain grounded. Costs declined 39%, as operating expenses fell 69%. However, fixed costs only edged lower, by 3.1%, helping to drive the African carrier's loss margin to 51%, a 50-point deterioration from 2019. Airline chairman Michael Joseph states: "While nobody could have predicted the Covid-19 outbreak in 2020, its continued prevalence globally, and the fact that the industry projects demand to remain at levels lower than 2019, Kenya Airways emphasises its commitment to an efficient network, improvement of service quality and delivery. We have taken bold measures to protect our people and our guests as we restructure our business to position for recovery."

China Airlines reported a net operating income of NT$2.18 billion ($76 million) for the year ended 31 December 2020.
Operating revenue came in at NT$115 billion, while profit attributable to the owners of the company's parent was NT$140 million, according to an 18 March filing to the Taiwan Stock Exchange. This compares with the NT$80 million operating profit the airline posted for the whole of 2019, according to its financial statements for the year. In the same period, it reported NT$146 billion revenues and a net loss of NT$1.2 billion.

Avianca has been given court approval to enter into leases with GECAS for eight Airbus A320s, including two amended leases that will now be on a per-hour basis. The airline's parent company Avianca Holdings is currently the subject of US Chapter 11 bankruptcy protection, and a court order authorising the aircraft leases was filed on 17 March. This covers new lease agreements for six A320neos and amended leases for two A320ceos for the Colombian flag carrier. The amended leases are on a per-hour basis, rather than the fixed monthly rates, for the six A320neos, according to a motion filed by the Avianca debtors requesting authorisation of the leases. Per-hour pricing for MSNs 4487 and 4599 extends beyond the Chapter 11 cases and "ensures that those leases will not burden the debtors with fixed rents in the event of a low-demand period". Regarding the new leases for the six A320neos with CFM Leap engines, the debtors state that the rental payments are on "terms that are suitable for uncertain near-term market conditions, both during and immediately after the Chapter 11 cases". With a nod to how the Covid-19 pandemic has decimated air travel demand worldwide, the filing states: "The debtors were able to obtain these favourable lease terms, in part, due to the historically low level of demand for aircraft in the current market." It further states: "These aircraft transactions represent a major step forward in the debtors' plans to redevelop a fleet and capital structure that will meet their short-term and long-term needs." Exact terms of the leases are being kept confidential.