News Formal

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

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

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

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria 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 »