Airlines
IATA Downgrades Prognosis for Airline Industry Covid Recovery
A new IATA analysis shows that airlines will burn through between $75 billion and $95 billion by the end of the year.

A new financial analysis by the International Air Transport Association (IATA) shows that the group severely underestimated cash burn estimates for airlines this year and that the industry as a whole will remain “cash negative” through 2021. No longer expecting airlines to return to breakeven cash flow by the fourth quarter, IATA now sees a cash burn range of between $75 billion and $95 billion, compared with a November 2020 estimate of $48 billion.