IATA Points to Labor as Big Item for Possible Cost Reductions | Aviation International News

IATA Points to Labor as Big Item for Possible Cost Reductions

The trade body warns that unit costs will have to be cut by 30 percent to match expected decline in unit revenue and reach break-even in 2021.

By Cathy Buyck • Contributor - Europe

October 27, 2020

The International Air Transport Association remains pessimistic on airlines’ ability to sufficiently downsize costs to turn cash positive in 2021 and reiterated its warning that many airlines will go down without a second tranche of government assistance.

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