Global airline industry is expected to lose 51 billion in 2021 and 12 billion in 2022
October 4, 2021
“The global airline industry is expected to lose close to $12 billion next year, cutting its losses from this year by 78% as carriers slowly recover from the Covid-19 pandemic, the International Air Transport Association said in a forecast Monday.
IATA, which represents nearly 300 airlines that operate more than 80% of the world’s air traffic, said industry losses in 2021 will be worse than originally thought, totaling $51.8 billion, up from a forecast in April of $47.7 billion.
Net losses in 2020 were $137.7 billion, more than the $126.4 billion IATA estimated earlier this year and bringing the industry’s total net losses from the pandemic to more than $200 billion…”
https://www.cnbc.com/2021/10/04/airlines-covid-recovery-2022-losses-to-fall.html
Dont invest in airline stock that’s for sure.