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The International Air Transport Association, the industry’s main trade body, predicted that net losses at airlines would narrow to $11.6 billion in 2022 from $51.8 billion this year.
The losses for 2021 were revised up from $47.7 billion estimated in April. IATA also revised up losses for 2020 to $137.7 billion from $126.4 billion estimated earlier.
“We are past the deepest point of the crisis,” IATA Director General Wilie Walsh told the group’s annual meeting.
