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rdf:type	schema:NewsArticle
schema:articleBody	Airlines are forecast to lose $47.7 billion (39.7 billion euros) this year, worse than previously forecast, a global industry group said Wednesday as the sector struggles to recover from the coronavirus pandemic. On a brighter note, the International Air Transport Association slightly raised its forecast for global air passenger traffic, saying it would reach 43 percent of pre-pandemic levels. The IATA had forecast net post tax losses of $38 billion in December. "Financial performance will be worse and more varied this year than we expected in our December forecast, because of difficulties in controlling the virus variants and slower vaccination in some regions," the association said in a report. Airlines lost more than $126 billion last year as the Covid-19 crisis prompted countries to lock down cities, close borders and ban international flights. North American airlines will fare better than previously thought, with losses of $5 billion instead of $11 billion, thanks to the recovery of the domestic market there, the IATA said. But the outlook has worsened in Europe due to a slower vaccination campaign and less easing of international travel restrictions. European airlines are now tipped to lose $22 billion, compared to $12 billion in the earlier forecast. tq/lth/rl
schema:headline	Airlines face $47.7 bn loss in 2021: IATA
schema:mentions	International Air Transport Association Lock and key European Union Pandemic Virus Vaccine Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 North American Airlines Global Air (Mexico) Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-21 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	71 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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