Outlook for airlines deteriorating in 2021: IATA
Global airline industry body IATA warned that the outlook for airlines had weakened since its December forecasts, and due to tightening travel restrictions it now expected the industry to still be bleeding cash by Q4 this year. IATA raised its forecast for total airline cash burn for 2021 to between $75b to $95b, up from the $48b it had forecasted in December.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-02-25/general/outlook-for-airlines-deteriorating-in-2021-iata
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Outlook for airlines deteriorating in 2021: IATA
Global airline industry body IATA warned that the outlook for airlines had weakened since its December forecasts, and due to tightening travel restrictions it now expected the industry to still be bleeding cash by Q4 this year. IATA raised its forecast for total airline cash burn for 2021 to between $75b to $95b, up from the $48b it had forecasted in December.<br/>
