Koronaios: Airlines faced with a padlock

Airlines will need $ 70-80 billion in aid to survive the coronavirus crisis, or more than half of what they have already received from governments, according to the International Air Transport Association (IATA). “We are extremely grateful to the governments. “$ 160 billion in the industry,” Alexandre de Zuniac, IATA’s director general, told the La Tribune Paris Air Forum today. “Not everyone will survive.” For the coming months, the needs of the industry “It is estimated at $ 70-80 billion in additional aid,” de Juniac said. “Otherwise some airlines will not survive.” While developments with the Covid-19 vaccine offer hope, a return to mass travel is still several months away, according to the airlines. Some will struggle to survive during the winter in the northern hemisphere, a time when they traditionally have lower profits. , which, according to IATA, is expected to lose $ 87 billion this year. “It is quite possible that we will see greater losses than the data we announced,” de Juniak said, adding that the deficit for the whole year is likely will be close to $ 100 billion. Slow recovery IATA has predicted a painful, slow recovery with traffic returning to pre-crisis levels by 2024 and passenger numbers down by 30% next year. “Be optimistic,” de Juniac warned. “We estimate that air traffic will be at 33% of its level in 2019 at the end of 2020 and then, hopefully, at 50-60% at the end of 2021”. Source: AMPE Follow it on Google News and be the first to know all the newsSee all the latest News from Greece and the World, at

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