Global airline industry to post $6.9 billion loss in 2022: IATA
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The global airline industry is projected to report a lower loss at $6.9 billion in 2022, mainly due to stronger passenger yields and cost control by carriers amid rising fuel prices, according to industry body IATA. In June, the International Air Transport Association (IATA) projected the industry loss at $9.7 billion. In October 2021, it forecast a loss of USD 11.6 billion for this year.