Tag Archives: expects

Wizz Air expects loss of €570m for financial 2020 | News

Wizz Air to launch new summer connections from UK | News

Wizz Air has said it expects to have lost around €570-590 million over the last year in the wake of the Covid-19 pandemic. However, the low-cost carrier said it still had around €1,615 million on hand at the end of March, and was well placed to benefit from any recovery in the travel sector. József […]

IATA expects airlines to lose at least $75bn in 2021 | News

IATA expects airlines to lose at least $75bn in 2021 | News

The International Air Transport Association (IATA) has released new analysis showing that the airline industry is expected to remain cash negative throughout 2021. Previous analysis, released in November, indicated that airlines would turn cash positive in the fourth quarter of 2021. At the industry level, airlines are now not expected to be cash positive until […]

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