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As virus cases spike, financial outlook for airlines dims - Black News Channel

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By The Associated Press undefined With coronavirus cases spiking in the U.S. and Europe, the financial outlook of the world's airlines is getting worse. Airlines will lose more than $157 billion over this year and next because of the pandemic, their main trade group said on Tuesday. The forecast from the International Air Transport Association was worse than the group's June estimate of $100 billion in losses for the two years. The latest estimate breaks down to airlines losing $66 for every passenger carried this year. However, the trade group now sees a quicker recovery. It said airlines will begin […]

The post As virus cases spike, financial outlook for airlines dims appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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