Tag Archives: Airlines

Crisis-hit airlines face crippling cash squeeze, IATA says

Crisis-hit airlines face crippling cash squeeze, IATA says

2/2 © Reuters. Delta Air Lines passenger planes parked in Birmingham 2/2

PARIS/LONDON (Reuters) – Global airlines warned on Tuesday that many carriers may not survive a record cash squeeze in the second quarter, as revenues and traffic plunge because of the coronavirus crisis.

Fresh quarterly estimates suggest airlines face a $61 billion cash burn and a $39 billion net loss during the current quarter, the head of the International Air Transport Association, told a media conference call.

“These are numbers beyond anything we have ever had in our industry,” IATA Director General Alexandre De Juniac added.

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Source : Reuters Link

Factbox: Airlines ground flights, count mounting costs of the coronavirus shock

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Stranded Europeans plea for help getting home amid COVID-19 pandemic

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Cash-strapped airlines resist mounting coronavirus refund claims

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Singapore Airlines obtains $13 billion rescue package amid coronavirus shock

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Singapore Airlines latest to get massive rescue amid coronavirus crisis

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Singapore Airlines taps investors for up to $10.5 billion amid coronavirus shock

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U.S. offers $58 bln aid to airlines as governments seek to avert bankruptcies

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Britain-based airlines seek industry tax breaks in coronavirus battle

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