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IATA predicts airlines likely to lose $75 billion in 2021
The International Air Transport Association has recently released a new analysis that shows the airline industry is expected to remain cash negative throughout 2021. According to a previous analysis published back in November last year, airlines where expected to turn cash positive in the fourth quarter of 2021. However, IATA says that at the industry level, airlines are now not expected to be cash positive until 2022.
Estimates for cash burn in 2021 have ballooned to the $75 billion to $95 billion range from a previously anticipated $48 billion. IATA mentioned it is already clear that the...
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Traveling Travel Transport Transports Airlines AIRLINE NEWS AIRLINE NEWS HOME IATA International Air Transport AssociationInteresting Facts About Dubai Miracle Garden
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