Airlines Face US $ 47.7 Bn Loss In 2021, Worse Than Earlier Forecast: IATA

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Airlines face US $ 47.7 bn loss in 2021, worse than earlier forecast: IATA

Airlines are forecast to lose $47.7 billion this year, worse than previously forecast, a global industry group said Wednesday, as the sector struggles to recover from the coronavirus pandemic

Paris, (APP - UrduPoint / Pakistan Point News - 21st Apr, 2021 ) :Airlines are forecast to lose $47.7 billion this year, worse than previously forecast, a global industry group said Wednesday, as the sector struggles to recover from the coronavirus pandemic.

On a brighter note, the International Air Transport Association slightly raised its forecast for global air passenger traffic, saying it would reach 43 percent of pre-pandemic levels.