Global airlines to narrow losses in 2022 - IATA

STORY: 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.

Last year's losses also improve on an earlier forecast of $52 billion, though airlines meeting in Qatar have been warned high oil prices and inflation risk denting the fragile recovery.

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