Record airline losses from the coronavirus outbreak will balloon further next year as anticipated vaccination programs take time to revive travel demand, according to the industry’s main trade group.
The International Air Transport Association on Tuesday predicted carriers will lose almost $39 billion in 2021, more than double the forecast in June. That’s on top of a $118.5 billion deficit in the current 12 months, up 40% from the prior outlook after a new wave of lockdowns wiped out a resurgence in flights.
