The International Air Transport Association (IATA) expects deep industry losses to continue into 2021, even though performance is expected to improve over the period of the forecast. IATA expects a net loss of $118.5bn is expected for 2020 (deeper than the $84.3 billion forecast in June), and an expected net loss of $38.7 billion for 2021 (deeper than the $15.8 billion forecast in June). Performance factors in 2021 will show improvements on 2020, says IATA in a new updated, with the second half of 2021 expected to see improvements after a difficult 2021 first half. IATA expects aggressive cost-cutting to

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