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Airlines' losses globally will be down to $9.7 billion this year: IATA DG

Airlines' losses globally will be down to $9.7 billion this year: IATA DG
The airlines' losses globally are expected to be down from USD 52 billion in 2021 to USD 9.7 billion this year and industry-wide profit should be on the horizon in 2023, Director General of IATA Willie Walsh said here on Monday. International Air Transport Association (IATA) represents some 290 airlines comprising 83 per cent of global air traffic.

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