RIO DE JANEIRO, BRAZIL - Global airline industry body IATA warned that the outlook for airlines has been weakened recently by tightening coronavirus restrictions but said it was preparing for a travel recovery later this year and would launch a digital travel pass in March.
IATA said the sector would continue to bleed cash this year and raised its forecast for total annual airline cash burn to between US$75 billion and US$95 billion, up from the US$48 billion it had forecast in December but still well short of roughly US$150 billion last year.
Despite mounting losses the . . .