The global airline industry is forecast to lose a record $84 billion this year with a return to profitability coming in 2022 at the earliest, even as carriers restore flights dropped during the pandemic. The latest outlook from the International Air Transport Association sees a 55% drop in passenger traffic this year and a $16 billion deficit in 2021. The trade group also predicts the loss of 32 million jobs tied to the air-travel business.

Source: Wall Street Journal June 09, 2020 15:03 UTC