Global airlines to narrow losses in 2022 as outlook improves

The 2022 forecast is nearly $2 billion better than an earlier expectations

A sharp bounce-back in air travel from the pandemic will allow global airlines to narrow losses this year and possibly claw their way back to profit in 2023, an industry body said as it upgraded widely watched forecasts on Monday, Qazet.az reports.

Global airlines are now expected to post a $9.7 billion loss in 2022, in a sharp improvement from a revised $42.1 billion loss in 2021, the International Air Transport Association said.

The 2022 forecast is nearly $2 billion better than an earlier expectation of a $11.6 billion loss.