Global Airline Industry To Post Lower Loss At USD 6.9 Billion In 2022 India Seeing Strong Recovery IATA

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on pocket
Pocket
Share on whatsapp
WhatsApp
Global Airline Industry To Post Lower Loss At USD 6.9 Billion In 2022 India Seeing Strong Recovery IATA

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

News Reels

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.

read this also- PMVVY Scheme: The benefit of this government pension scheme will be available till March 2023, know what is the scheme

Source link

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on pocket
Pocket
Share on whatsapp
WhatsApp

Leave a Comment

Your email address will not be published.

Never miss any important news. Subscribe to our newsletter.

Recent News

Editor's Pick