IATA Sees Reduced Airline Losses for 2022 | Aviation International News

IATA Sees Reduced Airline Losses for 2022

The global airline trade body predicts that airlines’ joint loss will narrow to $11.6 billion; North America the only region to be profitable.

IATA director general Willie Walsh said airlines are now past the worst of the damage inflicted by the Covid pandemic. (Photo: IATA)

By Cathy Buyck • Contributor - Europe

October 4, 2021

The head of the International Air Transport Association (IATA) on October 2 expressed confidence that the worst of the crisis has passed, and projected that airlines globally will reduce their joint net loss to $11.6 billion in 2022, from $51.8 billion this year. North American airlines are expected to end 2022 with a $9.9 billion profit, which would represent a significant turnaround from a projected $5.5 billion loss in 2021.

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