Airlines on course to lose $157 billion amid worsening slump: IATA

Topics IATA | airlines | Economic slowdown

By Laurence Frost PARIS (Reuters) - Airlines are on course to lose a total $157 billion this year and next, 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 $100 billion in losses for the two-year period, said it now projects a $118.

5 billion deficit this year alone, and a further $38.7 billion for 2021. The bleak outlook.....

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