The International Air Transport Association (IATA) has warned that airlines need support ranging from 70 to 80 billion dollars to overcome the Coronavirus crisis, or half of what they have already received from governments again. We are very grateful to have pumped $ 160 billion into the sector, said Alexandre de Juniac, Etihad Director-General at the Paris Aviation Forum hosted by La Tribune newspaper. For the coming months, the industry needs an additional $ 70-80 billion in support depending on assessments, otherwise some airlines will not survive.
Airlines say that while progress on the vaccine offers hope, a return to heavy travel is still months away. Some companies will struggle to weather the Northern Hemisphere’s winter, when profits will fall even in normal times.
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