4 least profitable industries in Australia

The four least profitable industries in Australia have been named, in a warning to investors who have ploughed money into ASX companies in those sectors.

Research firm IBISWorld revealed its analysis this week, noting that the named sectors are having a rough time in 2020-21 — but this may not necessarily mean losses will continue in future years.

Here are the four industries:

International airlines

With travel between countries at an almost standstill since the COVID-19 pandemic hit last year, it is no surprise that airlines are bleeding cash.

In the 2020-21 financial year, IBISWorld forecasts the average profit margin for the industry will sink to -31.4%.

“Revenue across the industry is expected to decline by 67.2% in…