{"id":49210,"date":"2022-06-20T15:11:00","date_gmt":"2022-06-20T09:41:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=49210"},"modified":"2022-06-20T15:07:12","modified_gmt":"2022-06-20T09:37:12","slug":"avi-iata-losses","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/avi-iata-losses\/","title":{"rendered":"Airlines losses globally will be down to USD 9.7 bn this year: IATA DG"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-464234341\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The airlines&#8217; losses globally are expected to be down from USD 52 billion in 2021 to USD 9.7 billion this year and industry-wide profit should be on the horizon in 2023, Director General of IATA Willie Walsh said here on Monday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1502079041\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>International Air Transport Association (IATA) represents some 290 airlines comprising 83 per cent of global air traffic.<\/p>\n<p>Walsh, in his inaugural speech at the 78th annual general meeting of IATA here, said that while the outlook for airlines globally is positive, the business environment remains challenging.<\/p>\n<p>Listing all the challenges, he said inflation topped 9 per cent in the Organisation for Economic Cooperation and Development (OECD)- a group of 38 developed countries &#8211; in April.<\/p><div class=\"trade-content_5\" id=\"trade-2226993492\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>&#8220;Our outlook expects (global) GDP to grow 3.4 per cent this year. Not bad but down on earlier forecasts,\u201d Walsh noted.<\/p>\n<p>The World Bank expects energy prices to soar 50 per cent compared with 2021, he added.<\/p>\n<p>&#8220;Russia\u2019s illegal invasion of Ukraine has destabilised globalisation, threatened the world\u2019s food supply, and recreated a geopolitical divide not seen since the Cold War,\u201d he said.<\/p>\n<p>Fixing battered balance sheets of airlines carrying debts of USD 650 billion will be a monumental challenge, he said, adding that there is no way to sugarcoat the bitter economic and political realities the airlines face globally.<\/p>\n<p>&#8220;But the desire to travel and the necessity of moving goods are both solid. Our industry is now leaner, tougher, and nimbler. Our latest analysis shows losses in 2021 close to USD 42 billion, a huge loss, but down from our earlier estimate of USD 52 billion,\u201d Walsh said.<\/p>\n<p>\u201cAnd we now believe that global losses will be cut further to USD 9.7 billion this year. Industry-wide profit should be on the horizon in 2023,\u201d he said. PTI DSP MRJ MRJ<\/p><div class=\"trade-content-10\" id=\"trade-3459990391\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<div class=\"trade-after-content\" id=\"trade-3145004411\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The airlines&#8217; losses globally are expected to be down from USD 52 billion in 2021 to USD 9.7 billion this year and industry-wide profit should be on the horizon in 2023, Director General of IATA Willie Walsh said here on Monday. International Air Transport Association (IATA) represents some 290 airlines comprising 83 per cent of [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":16190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31,1789],"tags":[],"class_list":["post-49210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Airlines losses globally will be down to USD 9.7 bn this year: IATA DG - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/avi-iata-losses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Airlines losses globally will be down to USD 9.7 bn this year: IATA DG\" \/>\n<meta property=\"og:description\" content=\"The airlines&#8217; losses globally are expected to be down from USD 52 billion in 2021 to USD 9.7 billion this year and industry-wide profit should be on the horizon in 2023, Director General of IATA Willie Walsh said here on Monday. 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