Passenger Airlines - Global
2021 outlook negative as operating losses continue into 2022
Recovery for passenger airlines still a multi-year proposition
Rising infection rates will suppress demand growth in coming months. We project 2021 revenue passenger kilometers will reach only about 40% of 2019's level of 8.7 trillion, which is roughly in line with our June slower recovery projection. We project rated universe revenue of $124 billion and $155 billion in 2020 and 2021, respectively, compared with $315 billion in 2019.
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