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The dollar retreated towards the end of the London trading session, extending USD/ZAR selling. ZAR remains sensitive to Chinese manufacturing data out on Thursday
Fiscal Fourth Quarter 2022 Highlights: Revenue of $750 million decreased 1% vs. prior year, but increased 1% on a pro forma basis, and 7% excluding the impact...
Fiscal Fourth Quarter 2022 Highlights: Revenue of $750 million decreased 1% vs. prior year, but increased 1% on a pro forma basis, and 7% excluding the impact...
Reduced Losses for Airlines but Continued Pain in 2021 April 23, 2021 The International Air Transport Association (IATA) expects net airline industry losses of $47.7 billion in 2021 (net profit margin of -10.4%). This is an improvement on the estimated net industry loss of $126.4 billion in 2020 (net profit margin of -33.9%). “This crisis is longer and deeper than anyone could have expected. Losses will be reduced from 2020, but the pain of the crisis increases. There is optimism in domestic markets where aviation’s hallmark resilience is demonstrated by rebounds in markets without int...
Reduced Losses but Continued Pain in 2021 Immediate Priorities are Restart Plans, Employment Support, and Costs Geneva - The International Air Transport Association (IATA) expects net airline industry losses of $47.7 billion in 2021 (net profit margin of -10.4%). This is an improvement on the estimated net industry loss of $126.4 billion in 2020 (net profit margin of -33.9%). “This crisis is longer and deeper than anyone could have expected. Losses will be reduced from 2020, but the pain of the crisis increases. There is optimism in domestic markets where aviation’s hallmark resilience is...