Middle East airlines to suffer losses again in 2022
The International Air Transport Association said that airlines in the region will fare somewhat better financially due to the return of long-haul flights.
A major association of airlines made a somewhat bearish prediction for Middle Eastern airlines today.
The International Air Transport Association released a report on the air travel industry during its annual summit, which is being held in the Qatari capital, Doha, this year. The trade association said that Middle Eastern airlines’ losses are “expected” to drop to $1.9 billion in 2022, down from a whopping $4.7 billion last year. The return of lengthy routes across continents will help the industry in the Middle East.
“In the Middle East, this year’s reopening of international routes and long-haul flights in particular will provide a welcome boost for many,” read the report.
The association added that they expect capacity and demand for air travel in the region to reach around 80% of its pre-pandemic levels this year.
