Tough Winter Ahead For Airlines Burning Cash

EasyJet aircraft on tarmac
EasyJet is set to suffer its first-ever full-year loss.
Credit: Patricia de Melo Moreira/AFP/Getty Images
With cash reserves running out fast, traffic levels declining and more capacity cuts on the horizon, the outlook for airlines looks increasingly pessimistic as they gear up for a difficult winter season. EasyJet expects to fly 25% of normal capacity in October-December IATA forecasts $77 billion...

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