Middle East carriers’ losses in 2019 will top $1.1bln: Iata | ZAWYA MENA Edition:
Middle Eastern airlines will deliver a combined net loss of $1.1 billion in 2019, marginally higher than the $1 billion loss last year, said the International Air Transport Association (Iata) in its 2019 outlook for the global air transport industry.
That equates to a $5.01 loss per passenger and a negative net margin (-1.9 per cent). The region has faced substantial challenges in recent years, both to the business environment and to business models, Iata added.
Airlines there are going through a process of adjustment and announced schedules point to a substantial slowdown in capacity growth in 2019. Performance is now improving but the worsening in the business environment is expected to prolong losses in 2019, it said.
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