The representative body of the global airline industry, the International Air Transport Association (Iata), expects the sector to continue to make losses next year, in the aftermath of this year’s global and severe disruption of air transport – the consequence of attempts to contain the Covid-19 pandemic. However, 2021’s losses will be much reduced over those for this year. While the global sector is expected to suffer losses of $84.3-billion this year, the predicted losses for next year are $15.8-billion. While the net profit margin for 2020 is forecast to be minus 20.1%, that for 2021 is expected to be much improved, coming to minus 2.6%.
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