The UN World Tourism Organisation (UNWTO) and the International Air Transport Association (IATA) have launched a destination tracker in preparation for the restart of international travel.
IATA expects USD 47.7bn airline industry loss in 2021
Global airline industry s net losses are expected to narrow down in 2021, the International Air Transport Association (IATA) said. IATA expects net airline industry losses of USD 47.7 billion in 2021 - an improvement on the estimated net industry loss of USD 126.4 billion in 2020. This crisis is longer and deeper than anyone could have expected. Losses will be reduced from 2020, but the pain of the crisis increases. There is optimism in domestic markets where aviation s hallmark resilience is demonstrated by rebounds in markets without internal travel restrictions. Government imposed travel restrictions, however, continue to dampen the strong underlying demand for international travel, IATA Director General Willie Walsh said.
Madrid / Geneva, Apr 24 (ANI): The UN World Tourism Organisation (UNWTO) and the International Air Transport Association (IATA) have launched a destination tracker in preparation for the restart of international travel.
IATA: Global airlines face $48 billion in losses in 2021
2 days ago
Besieged airline industry is struggling to recover from the COVID-19 pandemic
Airline industry’s losses are expected to amount to around a third of what the troubled sector saw in 2020
Industry losses of this scale imply a cash burn of $81 billion in 2021 on top of $149 billion in 2020
According to the International Air Transport Association (IATA), global airlines industry could face up to $48 billion in losses this year as the besieged airline industry is struggling to recover from the COVID-19 pandemic.
The new numbers, announced by IATA yesterday, are about 25% worse than the global airlines body had previously expected. It had earlier forecast a $38 billion deficit.
Airlines cut global traffic forecast
Global airlines body predicts industry losses of $47.7 billion in 2021
Reuters
April 22, 2021
PARIS:
Air traffic will recover more slowly than previously expected from the Covid-19 pandemic, as vaccination delays and government “risk aversion” slows the reopening of routes, global airlines body IATA said on Wednesday.
Global traffic this year will amount to 43% of pre-crisis levels based on passenger numbers and distance flown, the International Air Transport Association (IATA) said, below 51% it had forecast late last year. IATA also predicted industry losses of $47.7 billion in 2021. While that represents an improvement on last year’s $126.4 billion deficit, the organisation warned that airlines would continue to need government wage support.