Airlines to cut losses to $52B in 2021 on cargo, domestic travel demand PortCalls Asia


Source: portcalls.com portcalls.com

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Net industry losses are expected to reduce to $11.6 billion in 2022 after a $51.8 billion loss in 2021 and a $137.7 billion loss in 2020 Total industry losses in 2020-2022 are expected to reach $201 billion Travel demand is expected to stand at 40% of 2019 levels for 2021, rising to 61% in 2022 Robust demand for air cargo is expected to continue with 2021 demand at 7.9% above 2019 levels, growing to 13.2% above 2019 levels for 2022 The global airline industry is expected to cut its net loss to US$51.8 billion in 2021, a large reduction from...