Bloomberg

Airlines see covid setbacks driving industry to $48 billion loss

Travelers at a baggage drop and check-in area in Terminal 3 at Orly Airport in Paris on April 9, 2021. Foto: Bloomberg/Nathan Laine

The airline industry's chief lobby group widened its estimate for losses this year by about a quarter, saying new covid-19 flare-ups and mutations have pushed back the timeline for a restart of global air travel.

Carriers will lose about $48 billion in 2021, the International Air Transport Association said Wednesday in an online presentation. It had earlier forecast a $38 billion deficit...

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