'I see a fourth wave coming through and we have all sorts of concerns about what may happen,' Emirates President Tim Clark told CNBC.
in an effort to contain rising infections.
. The IATA, which represents nearly 300 airlines that operate more than 80% of the world's air traffic, added that industry losses in 2020 were worse than originally thought, coming in at $137.7 billion. "We're bouncing back with a high degree of, dare I say, robustness," he said. "Demand is coming back at such a pace that we're frankly having difficulty trying to supply the assets because we're short of pilots, we're short of cabin crew, we're short of just about everything. But there's no shortage of demand, it's a really good story."
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