PARIS (Reuters) - Airlines are on course to lose a total US$157 billion this year and next, their main global body warned on Tuesday, further downgrading its industry outlook in response to a second wave of coronavirus infections and shutdowns afflicting major markets.
The International Air Transport Association (IATA), which in June had forecast US$100 billion in losses for the two-year period, said it now projects a US$118.5 billion deficit this year alone, and a further US$38.7 billion for 2021.
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