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Hopes fading for airline recovery in 2021

Hopes are fading for airline recovery in 2021 according to a new report from the Official Airline Guide.

The International Air Transport Association’s expected industry losses for this year are likely to be larger than they expected unless something significant happens soon suggests OAG’s John Grant in the report.

IATA has forecast net airline industry losses of US$47.7 billion in 2021 (net profit margin of -10.4%), which is an improvement on the estimated net industry loss of US$126.4 billion in 2020 (net profit margin of -33.9%).

BUT the OAG says that this week’s latest schedule changes through to the end of October saw read more ⇒

Source:: AirlineRatings.Com

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