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Aircraft and transport. Covid-19. IATA: airlines facing rapid cash burn

The Association published new analysis -ATTACHMENT

The International Air Transport Association (IATA) published new analysis showing that airlines may burn through $61 billion of their cash reserves during the second quarter ending 30 June 2020, while posting a quarterly net loss of $39 billion.This analysis is based on the impact assessment IATA released last week (see AVIONEWS), under a scenario in which severe travel restrictions last for three...

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AVIONEWS - World Aeronautical Press Agency