News / Vaccine cargo may save some ailing carriers, but may be too late for others

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Airlines are counting on Covid-19 vaccine distribution to save them next year, according to IATA, but the industry should expect more carrier failures in the first half.

Revenues are expected next year to be about 50% of those in 2019, with losses across the industry of some $38bn, ahead of this year’s forecast of $118bn losses.

Airlines are expecting a “vaccine boost in the second half, but it’s going to be a challenging first half,” said IATA chief economist Brian Pearce at ...