The International Air Transport Association (IATA) published new analysis showing that airlines may burn through US$61 billion of their cash reserves during the second quarter ending 30 June 2020, while posting a quarterly net loss of US$39 billion.
This analysis is based on the impact assessment IATA released last week, under a scenario in which severe travel restrictions last for three months. In this scenario, full-year demand falls by 38 percent and full-year passenger revenues drop by US$252 billion compared to 2019. The fall in demand would be the deepest in the second quarter, with a 71 percent drop.
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