{"id":386301,"date":"2020-11-26T11:18:35","date_gmt":"2020-11-26T05:48:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=386301"},"modified":"2020-11-26T12:25:37","modified_gmt":"2020-11-26T06:55:37","slug":"apac-airlines-may-lose-31-7-bn-this-year","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/apac-airlines-may-lose-31-7-bn-this-year\/","title":{"rendered":"APAC airlines may lose $31.7 bn this year"},"content":{"rendered":"<p>Airlines operating in the Asia-Pacific (Apac) region, including India, are expected to report combined losses of $31.7 billion in 2020 because of the adverse impact of the pandemic on travel demand, the International Air Transport Association (IATA) said on Wednesday. Losses are expected to narrow to $7.5 billion in 2021, the industry lobby group said.<\/p>\n<p>IATA expects airlines to improve their performance in the second half of 2021, but passenger traffic may rebound to 2019-levels only by 2024.<\/p>\n<p>Total capacity utilized by airlines in the Apac region is expected to fall 55.1%, with total passenger traffic plunging 62% this year, said IATA in a presentation at a media briefing following its 76th annual general meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airlines operating in the Asia-Pacific (Apac) region, including India, are expected to report combined losses of $31.7 billion in 2020 because of the adverse impact of the pandemic on travel demand, the International Air Transport Association (IATA) said on Wednesday. Losses are expected to narrow to $7.5 billion in 2021, the industry lobby group said. IATA expects airlines to improve their performance in the second half of 2021, but passenger traffic may rebound to 2019-levels only by 2024. Total capacity utilized by airlines in the Apac region is expected to fall 55.1%, with total passenger traffic plunging 62% this year, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-386301","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=386301"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386301\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=386301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=386301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=386301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}