Almost half the world’s airlines will run out of cash and fail in coming weeks without government aid, air carrier group says [Toronto Globe and Mail (Ontario, Canada)]
EASYJET PLC S/ADR (ESYJY)
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Source: Toronto Globe and Mail
Almost half the world’s airlines will run out of cash and fail in coming weeks without government aid, air carrier group says Alexandre de Juniac, head of the International Air Transport Association, is silhouetted in front of an EasyJet aircraft at Cointrin airport in Geneva, Switzerland, on March 13, 2020. DENIS BALIBOUSE/Reuters Alexandre de Juniac, head of the International Air Transport Association, is silhouetted in front of an EasyJet aircraft at Cointrin airport in Geneva, Switzerland, on March 13, 2020. Almost half the world’s airlines will run out of cash and fail in the coming weeks unless governments act quickly to bail out the industry, a global air carrier group says. The COVID-19 pandemic has slashed airline revenues by US$250-billion as governments close borders and ground most international air travel, said Alexandre de Juniac, head of the International Air Transport Association (IATA), who called on governments to “act and act quickly.” “We are in an emergency sit
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