Airlines headed for $84bn net loss in 2020: IATA

Airlines headed for $84bn net loss in 2020: IATA

"The losses this year will be the biggest in aviation history," IATA director said. PARIS: International airlines are in line to make a combined net loss of more than $84 billion this year in the wake of the coronavirus crisis which has decimated air travel, the International Air Transport Association said Tuesday.. De Juniac said IATA research "shows that people will return to flying as soon as borders open" and carriers had to be prepared for an orderly resumption once demand returns in line with health guidelines.. But aviation is a resilient industry," De Juniac added. ". Libya's Sharara oilfield restarts after brief shutdown by armed group /node/1687001/business-economy. CAIRO: Libya's Sharara oilfield restarted production on Tuesday after a brief shutdown by an armed group, a trade and an oil industry source said..