Markets

Airlines can expect to bleed up to $157 billion in losses until people fly normally again, making 2020 the worst year in aviation history, industry body IATA says

Airlines will rack up losses up to $US157 billion until borders reopen safely and a vaccine rolls out, the International Air Transport Association predicted. The loss will be five times the deficit racked up during the 2008 financial recession. The slump in revenue during the pandemic shows airlines will lose […]
Airlines can expect to bleed up to $157 billion in losses until people fly normally again, making 2020 the worst year in aviation history, industry body IATA says
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President Trump’s trade wars, Boeing’s 737 Max scandal, and rising oil prices are causing a $7.5 billion headache for airlines, industry group says

A confluence of negative factors, including Boeing’s international 737 Max scandal, have made it tough for airlines this year. Trade disputes spearheaded by President Donald Trump and rising oil prices, have only made things worse. The International Air Transport Association, which represents some 290 airlines, is warning that 2019 profits […]
President Trump’s trade wars, Boeing’s 737 Max scandal, and rising oil prices are causing a $7.5 billion headache for airlines, industry group says