IATA upbeat on recovery but warns ‘no way to sugar coat the bitter economic and political realities’
In a comprehensive address to IATA’s AGM at Doha this week the organisation’s Director General, Willie Walsh, insisted that ‘aviation is resilient and we are rebounding’. IATA has cut its forecast industry losses for 2021 by close to $10 billion and anticipates industry-wide profits next year. But in almost the same breath he sounded a strong note of caution on the potential impact of far reaching economic and political headwinds on airlines.

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Vol. 12 Issue 13 of Aviation Finance