Global Airline Industry IATA Report: Big news is coming out regarding the Global Airline Industry. Aviation sector body IATA believes that in the year 2022, there could be a loss of $ 6.9 billion. Although this estimate is much less than last year’s $ 9.7 billion. What is the reason behind this assumption? You must read this information.
IATA expressed apprehension
According to the International Air Transport Association (IATA) report, the increase in passenger revenue and the steps taken for price control will be an important factor behind the loss of the airline industry in this year 2022. More than 200 airlines of the world are involved in this organization.
Nothing ahead of 2020 losses
According to media reports, IATA Director General Willie Walsh said that we are moving on the right track, but we still have a long way to go. The airline industry suffered huge losses during the Corona epidemic. In the year 2021, it had suffered a loss of $ 42 billion, while in the year 2020, its loss was $ 137.7 billion.
Expected profit of $ 4.7 billion
IATA said that the global aviation industry is in a position to make a profit in the year 2023 due to the resumption of travel after the Kovid-19 epidemic. In the next year 2023, it is expected to earn a profit of $ 4.7 billion.
At the same time, earlier in June, IATA had said that the airline industry could suffer a loss of $ 9.7 billion this year. While in its forecast of October 2021, a loss of $ 11.6 billion was expected for the year 2022.
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