Tag page - IATA REVISED FORECAST 2021

The International Air Transport Association (IATA) has improved the aviation industry's projected 2021 losses, from $126.4 billion (net profit margin of -33.9%) earlier, to $47.7 billion (net profit margin of -10.4%). However, IATA Director General Willie Walsh said that the pain of the crisis...

The International Air Transport Association (IATA) last night (November 24) revised its outlook for the airline industry performance to show deeper losses in 2020 and 2021. Airlines will suffer a net loss of $118.5 billion for 2020, deeper than the $84.3 billion forecasted this June. Next year, the...