Since 2005, McKinsey, often in collaboration with the International Air Transport Association (IATA), has assessed the performance of the entire aviation value chain-that is, the degree to which each subsector earns its cost of capital. Breaking down the global aviation value chain by subsector Fiscal year 2021 data are not yet available for all the companies covered in this analysis, so this article draws insights mostly from the 2012–20 data, supplemented by observations of key developments in 2021. The second article explores what airline executives could consider doing to generate more value for their carriers-for instance, examining their cost base and accelerating capital turnover. This article, the first in a two-part series, provides an overview of global aviation’s performance during the pandemic, by subsector. Although the temptation is to pin the blame solely on the pandemic-induced plunge in passenger traffic, that would be to ignore the airline industry’s underlying and long-term health problems. The COVID-19 pandemic is entering its endemic stages in some parts of the world at the time of writing, and airlines hemorrhaged $168 billion in economic losses in 2020. We do this with our reflective artificial intelligent technology.Of course, this is expected. Osmo is using the screen to create a new healthy, hands-on learning experience that promotes creativity, problem-solving and social interaction. *Requires the Osmo Base found at * Please see our device compatibility list here: Simply place the object/drawing in front of the screen and manipulate it to guide the falling balls into the target zones. Works with any object or drawing – Mom’s keys, hand-drawn basket, even toys you already own. **Innovative Toy of the Year** - TOTY Finalist, 2015 **Best Product Designs** - Fast Company Finalist, 2016 "Osmo has been a revolution in our family." - Wired "This interplay between the physical and digital realms looks and feels like magic." - Forbes ".games that interact with just about any physical object-pen, paper, blocks, even toys your kids already own. Solve creative physics puzzles by drawing lines or placing items in front of the screen.
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