Iata says airlines set to lose close to $160bn, exceeding most dire estimates
Passenger numbers are expected to drop to 1.8-billion in 2020 from 4.5-billion in 2019, Iata estimates
24 November 2020 - 16:49
PARIS, — Airlines are on course to lose a total of $157bn in 2020 and 2021, their main global body warned on Tuesday, further downgrading its industry outlook in response to a second wave of coronavirus infections and shutdowns afflicting major markets.
The International Air Transport Association (Iata), which in June had forecast $100bn in losses for the two-year period, said it now projected a $118.5bn deficit in 2020 alone, and a further $38.7bn for 2021...
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