Airlines globally to lose $118.5 billion this year: IATA

Airlines globally could end up with losses of a stupendous $118.5 billion this pandemic-stricken year. The International Air Transport Association (IATA) has revised upward 2020’s loss of $84.3 billion projected this June by 40% with the virus showing resurgence in successive waves due to which travel restrictions continue across the world. This means airlines will lose $66 for every passenger flown this year.