Aviation Industry Losses to Top $84 Billion in 2020

Geneva – The International Air Transport Association (IATA) released its financial outlook for the global aviation 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 … Continue reading Aviation Industry Losses to Top $84 Billion in 2020