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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
Bloomberg business news
Airlines Slash Jobs and Service Due to Coronavirus

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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.