Airline industry losses to top RM360 billion this year | The Malaysian Insight

Based on an IATA estimate of 2.2 billion passengers, airlines will lose US$37.54 per passenger this year. – EPA pic, June 9, 2020.

AIRLINES are expected to lose US$84.3 billion this year for a net profit margin of -20.1%, while revenues will be halved to US$419 billion, according to the International Air Transport Association . As for next year, the association said losses were expected to be reduced to US$15.8 billion with revenues rising to US$598 billion.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Telco industry fumes over 5G fiasco | The Malaysian InsightMinistry abandons open tender awarded by previous govt in move insiders say goes against everyone’s best interests.
Source: msianinsight - 🏆 8. / 63 Read more »

Dubai charts new path in luxury industry | The Malaysian InsightExtravagant practices will have to be reconsidered as the pandemic drags on.
Source: msianinsight - 🏆 8. / 63 Read more »