IATA: Reduced Losses but Continued Pain in 2021
The International Air Transport Association (IATA) expects net airline industry losses of $47.7 billion in 2021 (net profit margin of -10.4%). This is an improvement on the estimated net industry loss of $126.4 billion in 2020 (net profit margin of -33.9%). “This crisis is longer and deeper than anyone could have expected. Losses will be … Read more