IATA is projecting airline industry will burn through $77b in cash during 2H20 (almost $13b/month or $300,000/minute), despite restart of operations; slow recovery in air travel will result in average monthly cash burn of $5b-$6b/month in 2021.
IATA is part of our SpeedNews subscription.
Subscribe now to read this alert, plus receive full coverage of key developments in commercial and business aviation.
Already a subscriber to SpeedNews or a content package that includes SpeedNews? Login
Did you know? Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.