IATA
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Airlines cut losses in 2022, will return to profit in 2023: IATA
In 2022, airlines' net losses are expected to be $6.9 billion (an improvement on the $9.7 billion loss for 2022 in IATA's June outlook). This is significantly better than the losses of $42.0 billion and $137.7 billion that were realised in 2021 and 2020, respectively, IATA said.
Global airlines' net losses expected at $11.6 bn in 2022: IATA
"The magnitude of the Covid-19 crisis for airlines is enormous. Over the 2020-2022 period, total losses could top $200 billion. To survive, the airlines have dramatically cut costs and adapted their business to whatever opportunities were available," said IATA's Director General, Willie Walsh. According to IATA, domestic travel demand will near pre-crisis levels in 2022.
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