DALLAS – As the pandemic transitions into an endemic, it seems things may finally be turning around for the global airline sector.
According to the International Air Transport Association (IATA), industry losses are expected to drop to US$9.7bn—significantly less than the collective US$42.1bn loss of 2021. As an added bonus, the association believes the industry will return to profitability in 2023.
That said, the impact of the past few years has unquestionably left a lasting mark on the sector. A recent High Court of Australia decision regarding Virgin Australia (VA) and its lessors is a prime example.
The decision was based on read more ⇒
Source:: “Airways Magazine”