IATA Sees Airline Losses Continuing in 2021 | Aviation International News

IATA Sees Airline Losses Continuing in 2021

The International Air Transport Association projects historically steep losses of $84.3 billion this year to decline to $15.8 billion in 2021.

By Gregory Polek • Senior Editor

June 9, 2020

The International Air Transport Association on Tuesday issued a mixed financial outlook for the airline industry for next year, projecting significant improvement in cash flow over a historically dismal 2020 but overall losses totaling $15.8 billion. In its first profit and loss projection since it began a series of weekly conference calls with media in the early days of the Covid-19 crisis, IATA said it expects airlines to lose $84.3 billion this year, for a negative net profit margin of 20.1 percent. It expects revenues to fall 50 percent, from $838 billion in 2019 to $419 billion this year. IATA said its projections assume no second wave of Covid cases.

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