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Airlines See Covid Setbacks Driving Them to $48 Billion Loss

  • Industry group IATA raises estimate for annual deficit by 26%
  • Summer at risk as vaccinated countries keep borders tight
Travelers in Terminal 3 at Orly Airport in Paris on April 9.

Travelers in Terminal 3 at Orly Airport in Paris on April 9.

Photographer: Nathan Laine/Bloomberg
Updated on

The airline industry’s chief lobby group widened its estimate for losses this year by about a quarter, saying new Covid-19 flare-ups and mutations have pushed back the timeline for a restart of global air travel.

Carriers will lose about $48 billion in 2021, the International Air Transport Association said Wednesday in an online presentation. It had earlier forecast a $38 billion deficit.