Airlines facing ‘worse than expected’ losses in 2021: IATA

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Airlines facing ‘worse than expected’ losses in 2021: IATA

timestampApr 22, 2021 authorAlShorts Web Desk

According to International Air Transport Association (IATA), airlines are expected to face another bleak year with greater losses than previously estimated. The industry is expected to face losses of around USD 47.7 billion in 2021, greater than USD 38 billion earlier forecasted in 2020. The IATA however raised its passenger traffic forecast to 43% of pre-pandemic levels, compared to earlier predictions of 38%.

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