June 10, 20 - 10:29 am - LABS

IATA predicts losses will top $84 billion in aviation worldwide

Latin America will have a loss in net profit by $4 billion in the aviation sector, according to IATA (International Air Transport Association), which presented a financial outlook for the global air industry this week. In the whole world, airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%.

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