'The losses this year will be the biggest in aviation history.... There is no comparison for the dimension of this crisis,' says International Air Transport Association chief Alexandre de Juniac.
AMERICAN AIRLINES. The carrier's planes in Chicago. Photo from Shutterstock
"After $84-billion net losses this year, we forecast supplementary losses of $15 billion in 2021," the IATA said at a new conference, revealing the extent to which its 290 member carriers have been affected by the virus and the ensuing global lockdown designed to limit its spread.
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