IATA is projecting airline industry could burn through $61b of cash reserves in 2Q20, while posting net loss of $39b, based on 68% drop in revenues due to 71% fall in demand. It says industry may be forced to refund up to $35b of sold but unused tickets.

Subscription Required


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.