Airlines to lose $51.8b in 2021, stay in red in 2022: IATA
Global airlines will lose an estimated $51.8b in 2021 and another $11.6b in 2022 in the aftermath of the Covid-19 pandemic, according to an industry forecast released Monday. The projections by trade group the IATA show a deeper fall than the prior forecast in April for losses of $47.7b this year. IATA also increased the estimate for 2020 losses to $137.7b from $126.4b. While the shortfall for airlines is "enormous," IATA DG Willie Walsh said "we are well past the deepest part of the crisis." Walsh said airlines had cut costs and taken advantage of increased demand for air freight. "While serious issues remain, the path to recovery is coming into view," Walsh said. "Aviation is demonstrating its resilience yet again."<br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-10-05/general/airlines-to-lose-51-8b-in-2021-stay-in-red-in-2022-iata
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Airlines to lose $51.8b in 2021, stay in red in 2022: IATA
Global airlines will lose an estimated $51.8b in 2021 and another $11.6b in 2022 in the aftermath of the Covid-19 pandemic, according to an industry forecast released Monday. The projections by trade group the IATA show a deeper fall than the prior forecast in April for losses of $47.7b this year. IATA also increased the estimate for 2020 losses to $137.7b from $126.4b. While the shortfall for airlines is "enormous," IATA DG Willie Walsh said "we are well past the deepest part of the crisis." Walsh said airlines had cut costs and taken advantage of increased demand for air freight. "While serious issues remain, the path to recovery is coming into view," Walsh said. "Aviation is demonstrating its resilience yet again."<br/>
