IATA said the Airlines industry will boost again till next year, following two years of COVID-19 restrictions
The airline business will return to profit next year for the first time since 2019 as the recovery in air travel continues after nearly two years of restrictions related to COVID-19, a company service IATA said on Tuesday.
Airlines have lost tens of billions of dollars in 2020 and 2021 due to the disease, but air travel has recovered well and some airports struggled to cope.
The International Air Transport Association (IATA) now expects a net profit of $ 4.7 billion for the company next year, with more than 4 billion passengers ready to fly. He previously said that profit is “to be reached” in 2023. For 2022, IATA reduced its industry loss forecast to $6.9 billion from $9.7 billion.
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“This is a huge success considering the scale of economic and financial damage caused by the government’s disease restrictions,” said IATA CEO Willie Walsh, referring to the return of profits. Targeted for 2023.
But the former head of British Airways and International Airlines Group (IAG) has warned that many airlines will continue to struggle next year, citing standards, high costs and government policy to -be inconsistent things.
