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Airline losses top $200 billion due to COVID pandemic

Airlines losses could top $200 billion over the 2020-2002 period because of the devastating impact of COVID on air travel the International Air Transport Association has warned.

The losses are made up of $137.7 billion in 2020, $51.8 billion in 2021, and $11.6 billion in 2022 for a total of $201 billion.

IATA said that demand (measured in RPKs) is expected to stand at 40 percent of 2019 levels for 2021, rising to 61 percent in 2022.

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Source:: AirlineRatings.Com

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