The International Air Transport Association (IATA) announced a revised outlook for airline industry performance in 2020 and 2021. Deep industry losses will continue into 2021, even though performance is expected to improve over the period of the forecast. A net loss of $118.5 billion is expected for 2020 (deeper than the $84.3 billion forecast in June).A net loss of $38.7 billion is expected in 2021 (deeper than the $15.8 billion forecast in June). Performance factors in 2021 will show improvements on 2020; and the second half of 2021 is expected to see improvements after a difficult 2021 first half. Aggressive cost-cutting is expected to combine with increased demand during 2021 (due to the re-opening of borders with testing and/or the widespread availability of a vaccine...
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