The International Air Transport Association (IATA) predicts that airlines will incur losses of $ 84 billion and reduce revenue in half; Due to the Corona virus crisis, which would be the worst year in the sector’s history.
According to Arabia Net, the union is likely to decrease revenues to $ 419 billion from $ 838 billion last year, with most flights around the world stopping in Current time.
"Every day that passes this year, the industry adds losses of up to $ 230 million to the industry," said the union's general director, Alexander de Juniac.
The average loss is about $ 38 per passenger.
The federation warned that losses could reach $ 100 billion in 2021, with air travel facing difficulty in recovering and airlines lowering their rates to resume their activities. >
"The airlines will remain financially fragile in the year 2021, and he predicted that the competition would be more intense," he said, predicting that competition would be more intense.
"This will translate into strong incentives for travelers so they can go back on board again," he added.
The union expected an increase in revenues for the year 2021 to reach 598 billion dollars.
It is expected that passenger numbers will decrease to 2.25 billion this year before increasing to 3.38 billion in 2021, however they will remain more than 25% below levels. 2019.
