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COVID-ravaged airlines tipped to lose another $US48bn in 2021

Global domestic airline demand is expected to close in on pre-COVID levels later this year but the industry worldwide is still tipped to lose $US47.7 billion as overall passenger numbers reach less than half of 2019 levels.

The latest International Air Transport Association outlook, its first update since November, estimates global passenger numbers will hit 2.4 billion in 2021, an improvement of almost 1.8 billion compared to 2020 but well down from the 4.5 billion peak in 2019.

While the expected industry loss is a significant improvement on the 2020 estimated net loss of $US126.4 million, the continuing economic pain reflects the read more ⇒

Source:: AirlineRatings.Com

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