Airlines losses to exceed $100b this year

Airlines around the world could suffer a loss of more than $118.5 billion this year, estimates the International Air Transport Association (IATA). In the latest forecast, the effects of the crisis caused by the Covid-19 pandemic are to be more severe than expected less than six months ago. In June, the organization forecasted a loss of $84.3 billion. It sees hope for a radical improvement in the situation in the recent reports on the state of advancement in research on effective vaccines for the SARS-Cov-2 coronavirus.
At the end of 2020, IATA forecasts that the number of passengers will drop by 60.5 percent to 1.8 billion This number of travelers was last recorded in 2003.
(Business Insider)