Skip to content
Subscriber Only
Business

Coronavirus Could Bankrupt Most Airlines by End of May, Consultant Warns

  • Many carriers are already technically bankrupt, CAPA warns
  • Governments, industry need to act to avoid catastrophe: CAPA
Video player cover image
Airlines Slash Jobs and Service Due to Coronavirus
By

We’re tracking the latest on the coronavirus outbreak and the global response. Sign up here for our daily newsletter on what you need to know.

The coronavirus pandemic will bankrupt most airlines worldwide by the end of May unless governments and the industry take coordinated steps to avoid such a situation, an aviation consultant warned.