Airline Operators Seek VAT Waiver, Subsidy On Staff Salaries
Airline Operators of Nigeria (AON) on Tuesday outlined possible areas of palliatives to cushion the effect of the lockdown on domestic airlines. Among the “low hanging fruit palliatives” which the operators want the Federal Government to...
Airlines Projected Revenue Loss Increases To $314bn
The International Air Transport Association says airline passenger revenues drop has risen to $314bn as impact of COVID-19 bites harder.
IATA, in its updated analysis on Tuesday, said airlines would record a 55 per cent decline in revenue compared...
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...
