IATA has today released its latest market outlook for the global aviation industry. IN total, it forecasts that the industry will have lost more than. $200 billion by the end of 2022. Losses are slowing, but are yet to stop entirely. IATA further warns that proposed price increases tabled by airports and air navigation service providers could stall the recovery.
By October 2020, IATA’s research showed that airlines worldwide were burning through a staggering $300,000 a minute. In November, the association revised its loss forecast for the industry from its previous assessment of $84.3 billion to $118.5 billion for the year. Despite the help some airlines had received by then, IATA was quick to point out that more would be needed to keep some carriers afloat.