The loss will be less as the outlook of global airlines improves in 2022

Doha: Will allow sharp bounce-back in air travel from epidemics Global Airlines To mitigate losses this year and perhaps return to profits in 2023, an industry body said it had upgraded its widely-watched forecast on Monday.
Global airlines are now expected to post a loss of $ 9.7 billion in 2022, sharply improving from a revised loss of $ 42.1 billion in 2021. International Air Transport Asso Said.
The 2022 forecast of a loss of $ 11.6 billion is about $ 2 billion better than previously expected.
Last year’s losses also improved from the previous forecast of $ 52 billion, although a meeting of airlines in Qatar warned of the risk of higher oil prices and inflation for a fragile recovery.
“Our industry is now thin, solid and agile,” IATA Director General Willie Walsh said at the annual meeting of more than 100 airline leaders. “Industry-wide profits should be on the horizon in 2023,” he added.


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