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Airlines forecast to fly into bigger losses on new Covid variants

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[Image source: KAA]
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Business Daily | by Gerald Andae


Airlines are expected to make significant losses this year as International Air Transport Association (IATA) revises its forecast issued in December because of challenges in containing new coronavirus variants and slower vaccination in some regions.

IATA is projecting a post-tax losses of Sh5.1 trillion ($47.7 billion) in 2021 from their initial Sh4 trillion ($38 billion) projection in December…

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[Image source: KAA]

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