Airlines Raise Over $17bn To Stay Afloat   Airlines worldwide raised more than $17 billion in bank loans in March to shore up their finances amid the coronavirus outbreak. U.S. carriers were the most active, borrowing $12.5 billion, according to data compiled by Bloomberg. Delta Air Lines...

Airlines To Burn $61bn Cash Reserve In Q2   Worst-hit by the coronavirus disease pandemic, global airlines have been estimated to burn through $61 billion of their cash reserves during the second quarter ending 30 June 2020. The International Air Transport Association (IATA) in a new analysis...

Airlines Will Post $39bn Loss In Q2 - IATA   The International Air Transport Association says airlines may burn through $61bn of their cash reserves during the second quarter ending 30 June, 2020 while posting a quarterly net loss of $39bn. The association said on Tuesday that...

IATA Predicts 13.13% Rise In Airlines’ Profits   The International Air Transport Association says the global airline industry will have a 13.13 per cent increase in net profit this year. The association forecast that the industry would produce a net profit of $29.3bn in 2020, improved over...

Multiple Taxes, Levies, Greed Grounding Airlines, Says AMCON   The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria, Mr Ahmed Kuru, has said numerous charges and taxes by regulatory agencies are some of the factors causing airlines failure in Nigeria. He also blamed banks for rushing...

Airport Taxes, Charges Cost Airlines 38% Revenue   The multiple charges and taxes levied by airports in Nigeria and other African countries have gone up some notches, and now cost the carriers as much as 38 per cent of total earnings.The Director of African Airlines Association’s...