IATA Expects Low Fares, Losses Throughout 2021

cabin
Credit: Southwest Airlines
IATA expects airlines to have to offer low fares to stimulate demand at least through 2021—making it unlikely for the industry to return to a profit. “We expect demand to be relatively weak when air travel restarts,” IATA chief economist Brian Pearce said during a May 5 briefing. Pearce referred to...
Jens Flottau

Based in Frankfurt, Germany, Jens is executive editor and leads Aviation Week Network’s global team of journalists covering commercial aviation.

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