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IATA: airlines unable to cut costs deep enough to save jobs
The Association presented new analysis
The International Air Transport Association (IATA) presented new analysis showing that the airline industry cannot slash costs sufficiently to neutralize severe cash burn to avoid bankruptcies and preserve jobs in 2021. IATA reiterated its call for government relief measures to sustain airlines financially and avoid massive employment terminations. IATA also called for pre-flight COVID-19 testing to...
AVIONEWS - World Aeronautical Press Agency