The entire airline industry took a tremendous hit in 2020, with countries worldwide shutting down borders and limiting travel as a response to the COVID-19 outbreak. Massive cancellations of flights to control the spread of the virus led to huge drops in airline passenger revenues and caused staggering losses to the world\u2019s largest airline companies. According to data presented by\u00a0Stock Apps, Delta Air Lines, American Airlines, Lufthansa Group, United Airlines, Air France, and the International Airlines Group, as the world\u2019s largest public airline companies based on sales, lost $110bn in revenue since the beginning of 2020. US Airlines Lost $63.9bn Amid COVID-19 Pandemic Pretty much every major airline has been hit hard by the COVID-19 pandemic this year. However, US airline companies have witnessed the biggest drop in revenues since the beginning of 2020. Between January and March, Delta Air Lines (NYSE: DAL), as the world\u2019s largest airline based on sales, lost $1.8bn. The company\u2019s earnings report showed the second quarter of the year delivered six-time severer loss, with revenue plunging by 88% year-over-year to $1.4bn. The strong negative trend continued between June and September, with the company losing another $9.5bn after the coronavirus pandemic ruined what is typically a peak summer travel period. Delta\u2019s net loss was $5.4bn in the third quarter, compared to a profit of $1.5bn in the year-earlier period. Statistics show the world\u2019s leading airline lost $22.4bn in YTD revenue, the worst hit among the six leading companies. Delta Air Lines, American Airlines, United Airlines revenue drop in 2020 (billion U.S. dollars) Market capitalization of the three largest US airlines from September 2019 to October 2020 (in billion U.S. dollars) American Airlines (NASDAQ: AAL), the second-largest airline on this list and the leading airline by flown passenger kilometres, lost $21.1bn in revenue since the beginning of the year. Statistics show the company reported the most significant loss in the second quarter of 2020, with revenues plunging by 86.4% year-over-year to $1.6bn, compared to $11.9bn in the same period a year ago. Third-quarter revenue was down 73% YoY to $3.1bn, following a 59% YoY reduction in total available seat miles. United Airlines (NASDAQ: UAL), as the third-largest US airline company and the fourth-largest globally, reported a $20.4bn loss in the three quarters of 2020, a 63% decrease year-over-year. Third-quarter results revealed a massive $8.8bn revenue drop after the company already reported a $10bn loss between March and June. The Yahoo Finance data also revealed United Airlines witnessed the most significant drop in market cap among the three leading airlines in the United States, with the combined value of the company\u2019s shares plunging by 57% YoY to around $9.5bn. Statistics show the combined revenues of the three largest US airline companies crashed by $63.9bn since the beginning of 2020. Three Largest European Airlines Lost $45.9bn in Revenue Although the US airlines have taken the hardest hit amid the coronavirus crisis, the European companies also reported tremendous losses in 2020. The world\u2019s third-largest airline based on sales and the largest in Europe, Lufthansa Group (ETR: LHA), reported a $10.6bn revenue loss in the first half of 2020. The financial report of the German company showed traffic fell significantly due to the coronavirus pandemic. Sales (revenue passenger-kilometres) plunged by 65% year-on-year, while capacity (available passenger-kilometres) was cut by 61% in this period. After laying off 8,300 employees between January and March, the H1 2020 financial statement confirmed that 22,000 more are to follow as a part of its \u201cReNew\u201d program. Lufthansa Group, Air France and AIG revenue drop in 2020 (in billion euros) Market capitalisation of Lufthansa Group, Air France, and AIG from September 2019 to October 2020 (in billion euros) Air France (EPA: AF) suffered a $20.4bn YTD revenue loss. The company\u2019s third-quarter results showed the passenger network activity was reduced to around 40% of last year\u2019s levels. The tightening of travel restrictions, border closures, and the lack of corporate travel delayed the expected traffic recovery. July and August were relatively strong in terms of traffic compared to a disappointing September affected by restrictive travel measures. Third-quarter revenues plunged by 68.3% to \u20ac2bn, or $2.3bn, while net income loss amounted to over \u20ac1.6bn, a \u20ac2bn decrease compared to last year. International Airlines Group (LON: IAG), as the sixth-largest airline company globally, witnessed a $14.9bn revenue loss between January and September. The financial report of the Anglo-Spanish multinational airline holding company showed passenger capacity operated in third-quarter plunged 78.6% year-on-year, and 64.3% for the period of nine months. AIG also reported operating loss for the nine months of \u20ac3.2bn or around $3.7bn, compared to over \u20ac2.5bn operating profit a year ago. Statistics indicate the combined revenues of the three largest European airlines crashed by $45.9bn since the beginning of the year. HEADLINES YOU MIGHT HAVE MISSED FROM BRAND SPUR Top 10 Smartphone Brands Capture 88% Market Share in Q2 2020 as Huawei and Samsung Tie at 20% Worldwide\u00a0smartphone\u00a0sales suffered a hit during the second quarter of 2020, dropping by 20.4%. In total, 294.7 million units were sold during the three-month period compared to 370.3 million units in Q2 2019. Ogun Govt Releases N500,000 to Trade Associations, Artisan Groups In a bid to further enhance rapid economic growth in Ogun State as well as ensure the wellbeing of its citizenry, the State Government has released the sum of Five Hundred Thousand Naira as subvention to Trade Associations and Artisan Groups. You Should Probably Shut Up At These Critical Times Talking can\u00a0help you connect with others, but it can also destroy relationships. Here are some critical times when you should shut your mouth\u2014before you put your foot in it. Sani Abacha loot - The only guaranteed money back scheme in Nigeria The late General Sani Abacha was a Nigerian army general and dictator who ruled Nigeria from 1993 until his death in 1998. The Sani Abacha administration period had a boom in the country's federal exchange reserve from $494 million in 1993 to $9.6 billion by the middle of 1997 and the administration also reduced the external debt of Nigeria from $36billiom in 1993 to $27 billion by 1997. How to apply for the Youtube Black Voices Fund for Nigerian Artists and Creators Youtube recently announced that artists and creators from Nigeria can apply for grants from its Black Voices Fund. The global $100m fund will, over the next three years, offer support to Black Artists and creators so they can thrive on Youtube. Orange collaborates with Smart Africa and announces new investments in Africa to improve the quality of service and data security for end-users Orange, a platinum member of the\u00a0Smart Africa\u00a0Alliance, supports the One Africa Network (OAN) project which has the aim of reducing the cost of communication and keeping the traffic generated and destined for Africa within Africa. Sony Led the Growing Smartphone Image Sensor Market in H1 2020 The global smartphone Image sensor market led by Sony reached a total revenue of $6.3 billion in H1 2020, according to the Strategy Analytics Handset Component Technologies service report, \u201cSmartphone Image Sensor Market Share Q2 2020: Revenue down by 6 per cent as Sony dominates the market.\u201d Dettol Cool Announces Ighalo As Brand Ambassador Manchester United forward, Odion Ighalo, has been named as an ambassador of Nigeria\u2019s leading hygiene brand Dettol. TVC Communications Partner with P&G to Commemorate 2020 Child Health Day To commemorate the 2020 Child Health Day, Africa\u2019s foremost media company, TVC Communications; owners of TVC, TVC News, Max FM (Lagos & Abuja) & Adaba FM in partnership with Procter & Gamble recently donated Pampers Baby Diapers to post-natal mothers at Nigeria\u2019s biggest Maternity Hospital in Lagos; Ayinke House Maternity Hospital, Ikeja Lagos, Nigeria. Market Cap of Three Leading Pharma Companies Jumped by $27bn in 2020, Roche Holding the Biggest Winner The global pharmaceutical industry has experienced significant growth in the last two decades, with pharma revenues worldwide reaching $1.25trn in 2019. Besides generating huge profits, some of the leading companies responsible for the research, development, production, and distribution of medications also witnessed a substantial market cap growth this year. COVID-19 disrupting mental health services in most countries, WHO survey The COVID-19 pandemic has disrupted or halted critical mental health services in 93% of countries worldwide while the demand for mental health is increasing, according to a new WHO survey. The survey of 130 countries provides the first global data showing the devastating impact of COVID-19 on access to mental health services and underscores the urgent need for increased funding.