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Aircraft and transport. IATA: industry losses to top $84 billion in 2020
According to the financial outlook released by the Association -ATTACHMENT
The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to $419 billion from $838 billion in 2019. In 2021, losses are expected to be cut to $15.8 billion as revenues rise to $598 billion.2020 Main Forecast Drivers:Passenger...
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AVIONEWS - World Aeronautical Press Agency
AVIONEWS - World Aeronautical Press Agency