The global airline industry is forecast to lose a record $84 billion this year with a return to profitability coming in 2022 at the earliest
, even as carriers restore flights dropped during the pandemic.
The latest outlook from the International Air Transport Association sees a 55% drop in passenger traffic this year and a $16 billion deficit in 2021. The trade group also predicts the loss of 32 million jobs tied to the air-travel business.
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