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

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Airline industry losses to top RM360 billion this year

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.

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