IATA warns data points to worse-than-expected 2021

Wednesday, 24. February 2021 15:07

Booking data for the airline industry indicates a weak H1, the International Air Transport Association (IATA) warned on Wednesday, noting that the Revenue Passenger Kilometers (RPK) in 2021 is seen falling between 62% and 67% compared to the prior year.

The airlines' cash burn is expected to continue at a higher pace than previously expected, with the industry now estimated to go through $75-$95 billion. This will make breaking even very unlikely, the organization said.

IATA also announced that it will launch its COVID-19 travel pass by April and urged governments to adopt a digital vaccination certification system.

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Breaking the News / MD