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Airline groups added another $42 billion in net losses in 2021 and $15 billion for the first half of 2022. The US industry is on course to return to profitability in 2022, with Delta Air Lines already reclaiming top place in the first half ranking. Losses appear to be worsening in China as COVID-19 lockdowns take their toll on traffic, dampening recovery in the Asia-Pacific region as a whole.

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