The global airline industry is expected to see a net loss of $118.5 billion in 2020, with a recovery of $80 billion estimated in 20201, according to IATA’s November release. Despite the expected fall back, the industry is likely to experience a net loss of $38.7 billion next year, higher than that reported in 2008.Aviation: Despite recovery expected in 2021, global airline industry’s losses to be higher than during the global financial crisis
The global airline industry is expected to see a net loss of $118.5 billion in 2020, with a recovery of $80 billion estimated in 20201, according to IATA’s November release. Despite the expected fall back, the industry is likely to experience a net loss of $38.7 billion next year, higher than that reported in 2008.
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