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...
Global Air Transport Revenue Loss Increases To $252bn
The International Air Transport Association says the expected impact of the coronavirus on global air transport has risen to $252bn.
IATA updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry...
African Airlines To Lose $40m To Covid-19 Flight Disruption
Airlines in Nigeria and other African countries have been estimated to lose $40 million in revenue this year over flight disruption due to coronavirus spread.
Though the losses are in varying degrees, airlines operating on the Chinese...
Coronavirus: IATA Projects $29.3bn Global Revenue Loss Due To Outbreak
The International Air Transport Association has projected a global revenue loss of $29.3bn due to the outbreak of coronavirus.
The IATA made the announcement after its initial assessment of the impact of the coronavirus 2019 outbreak...
African Carriers See 19.8% Increase In Freight Demands - IATA
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), and decreased by 1.1% in November 2019, compared to the same period in...
