Geneva - The International Air Transport Association (IATA) announced a revised outlook for airline industry performance in 2020 and 2021. Deep industry losses will continue into 2021, even though performance is expected to improve over the period of the forecast. / A net loss of $118.5 billion is expected for 2020 (deeper than the $84.3 billion forecast in June). / A net loss of $38.7 billion is expected in 2021 (deeper than the $15.8 billion forecast in June).