Airline Cash Burn Could Be Double Previous Forecast, IATA Warns
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Airlines could burn through as much as $95 billion this year as new coronavirus strains lead governments to extend travel restrictions, close to double the industry body’s previous forecast.
Even under a scenario that sees flights restored between developed economies in 2021, carriers may still consume $75 billion, compared with the $48 billion estimated in December, the International Air Transport Association said Wednesday.