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IATA: Airline industry headed for US$84b loss this year | Malay Mail

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PARIS, June 9 — The coronavirus crisis will lead the airline industry into record annual losses of US$84 billion (RM359 billion) as 2020 goes down as the “worst year in the history of aviation”, the sector’s main global body predicted today. Airline passenger traffic is expected to rise 55...

Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, US March 25, 2020. — Reuters pic

Airline passenger traffic is expected to rise 55 per cent in 2021 from its depressed level this year, while still remaining 29 per cent below its 2019 level, the International Air Transport Association said in an updated forecast. “Financially, 2020 will go down as the worst year in the history of aviation,” IATA Director General Alexandre de Juniac said.

Even in markets where Covid-19 infection rates have fallen sharply, airlines are still confronted by a patchwork of remaining travel restrictions and consumer wariness.

 

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