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Airline industry to lose $118.50 billion this year

The airline industry will post losses of US$118.50 billion this year according to The International Air Transport Association (IATA).

The industry association has announced the sickening revised outlook for 2020 and 2021 and says the deep industry losses will continue into 2021, even though performance is expected to improve over the period of the forecast.

For 2020 its says the loss will be US$118.5 billion which is deeper than the $84.3 billion forecast in June.

For 2021 the net loss is forecast to be US$38.7 billion which while better than 2020 is deeper than the $15.8 billion forecast in June.

Alexandre de Juniac, IATA’s read more ⇒

Source:: AirlineRatings.Com

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