Before a return to profits expected in 2023, airlines dig their losses

After having hardly crossed the CVIV-19 crisis, the airlines believe that a relief of sanitary measures, which they still consider too numerous, is necessary to be able to reset and repay their debts.

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The sky emerges for air transport. Reunited in General Assembly in Boston, the International Airlines Association (IATA) has decided to see the future in pink. According to its forecasts, the end of the crisis is for 2023, the year of return to profits for the sector. While waiting for these better days, companies dig their losses. For 2021, they will reach $ 51.8 billion (about € 44.7 billion) after culminated at 137.7 billion in 2020.

In total, said Willie Walsh, Director General of IATA, “The CVIV-19 crisis will cost 201 billion to air transport, before the return to profits, in 2023”. Faced with an unprecedented crisis, companies have led severe cures of austerity to reduce their costs: tens of thousands of positions have been removed. These efforts would have been in vain without the support of the states that put their hands in the pocket. No less than $ 243 billion dollars of various aids have been paid to airlines, depending on the IATA calculations. The latter will soon have to recover a good financial health because they will have to reimburse nearly $ 110 billion.

Embeds to movements still many

To reset their debts, the companies claim, if not a lifting at least one relief from sanitary measures that still hinder the restart of air transport. Objective: bounce by taking advantage of the desire to travel from future passengers. According to the professional association, “86% of people plan to travel within six months of the end of the crisis”. But the traffic obstacles are still too many regrets it. “The regulations are too complex and the formalities too expensive” believe the travelers, according to the IATA.

The General Assembly in Boston was also an opportunity for companies to review their commitments to reduce their CO emissions 2 . Now the sector plans to achieve carbon neutrality, that is to say the “zero net emissor” in 2050. Previously, it had not committed to reduce them only half by 2050. A promise that Take into account the arrival of around 2035 of the new generation aircraft that could operate with hydrogen. In the meantime, companies will have to gradually reduce the 660 million tonnes of CO 2 released each year in the atmosphere by air transport. A figure that represents 3% of global CO emissions 2 .

/Media reports.