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IATA: looming cash crisis threatens airlines
Sector wide action needed -ATTACHMENT
The International Air Transport Association (IATA) warned that the airline industry will burn through $77 billion in cash during the second half of 2020 (almost $13 billion/month or $300,000 per minute), despite the restart of operations. The slow recovery in air travel will see the airline industry continuing to burn through cash at an average rate of $5 to $6 billion per month in 2021.IATA called...
AVIONEWS - World Aeronautical Press Agency