The Director General of the International Air Transport Association (IATA), Alexandre de Juniac, said at the Paris Aviation Forum that we are very grateful to have pumped $ 160 billion into the sector.
And according to Reuters, the International Air Transport Association has warned that airlines need support ranging between 70 and 80 billion dollars to overcome the Coronavirus crisis, or half of what they have received. Already from governments again.
Airlines say that while progress on a vaccine offers hope, a return to heavy travel still takes several months. Some companies will struggle to weather the Northern Hemisphere's winter, when profits will fall even in normal times.
It is very likely that we will see losses that are greater than the numbers we announced, de Juniac said, adding that the deficit for an entire year will probably approach $ 100 billion, and he warned that those expectations may be optimistic. According to our estimates, he said, air travel will reach 33% of its level in 2019 by the end of 2020, and then we hope that it will reach 50-60% by the end of 2021.
Iata expects a painfully slow recovery with a return to pre-crisis travel levels only in 2024, and passenger numbers will remain down 30% next year.
It is reported that the renewed rise in Covid-1 infections and travel restrictions have weakened the financial expectations of the sector, which IATA predicts is about to record losses of 87 billion dollars this year.
