World airlines expect next 12 months to be tough

No less than 68% of the world’s airline Chief Financial Officers and Heads of Cargo expect profits not to improve or even to decline further over the next 12 months. This is one of the results reported in the International Air Transport Association’s (IATA’s) “Airline Business Confidence Index July 2020” survey, published on Wednesday. Iata is the representative body for the global airline industry. Further, 77% of the respondents to the Iata survey reported that their airlines suffered a fall ...

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