Wed, 24th Feb 2021 13:26
LONDON, Feb 24 (Reuters) - Global airline industry body IATA
warned that the outlook for airlines had weakened since its
December forecasts, and due to tightening travel restrictions it
now expected the industry to still be bleeding cash by the
fourth quarter of this year.
IATA raised its forecast for total airline cash burn for
2021 to between $75 billion to $95 billion, up from the $48
billion it had forecasted in December.
(Reporting by Sarah Young; Editing by Kate Holton)
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