{"id":411610,"date":"2021-04-23T09:09:28","date_gmt":"2021-04-23T03:39:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=411610"},"modified":"2021-04-23T09:56:01","modified_gmt":"2021-04-23T04:26:01","slug":"global-airlines-may-lose-48-bn-in-2021-due-to-covid-19","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-airlines-may-lose-48-bn-in-2021-due-to-covid-19\/","title":{"rendered":"Global airlines may lose $48 bn in 2021 due to Covid-19"},"content":{"rendered":"<p>Global aviation body International Air Transport Association (IATA) has warned that the global airlines could lose an estimated $47.7 billion in 2021 due to Covid-19 (net profit margin of -10.4 per cent). <\/p>\n<p>However, this is an improvement on the estimated net industry loss of $126.4 billion in 2020 (net profit margin of -33.9 per cent). International passenger traffic remained down 86.6 per cent on pre-crisis levels over the first two months of 2021. <\/p>\n<p>Vaccination progress in developed countries, particularly the US and Europe is expected to combine with the widespread testing capacity to enable a return to some international travel at scale in the second half of the year, reaching 34 per cent of 2019 demand levels, the IATA said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global aviation body International Air Transport Association (IATA) has warned that the global airlines could lose an estimated $47.7 billion in 2021 due to Covid-19 (net profit margin of -10.4 per cent). However, this is an improvement on the estimated net industry loss of $126.4 billion in 2020 (net profit margin of -33.9 per cent). International passenger traffic remained down 86.6 per cent on pre-crisis levels over the first two months of 2021. Vaccination progress in developed countries, particularly the US and Europe is expected to combine with the widespread testing capacity to enable a return to some international travel [&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":[176,146,130],"tags":[],"class_list":["post-411610","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411610","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=411610"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/411610\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=411610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=411610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=411610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}