Industrials Nov 25, 2020 11:19 AM (GMT+8) · EqualOcean
The International Air Transport Association (IATA) lowered its forecast for the aviation industry, predicting that global airlines will lose $118.5 billion this year and $38.7 billion in 2021. "The vaccine will not have a large-scale positive impact on the economy and air traffic until mid-2021," said Alexandre de Juniac, President and CEO of international routes In terms of passenger transport, IATA expects the number of passengers to drop 61% to 1.8 billion this year, compared with 4.5 billion in 2019. However, the association said the number of passengers will increase again in 2021 to about 2.8 billion.