Monday, June 30
Most airlines in the world will be bankrupt within 10 weeks without government support
Tuesday, March 17, 2020
Most airlines in the world will be bankrupt within 10 weeks without government support, predicts CAPA Centre for Aviation, a consultancy. “Cash reserves are running down quickly as fleets are grounded, and what flights there are operate much less than half full,” it warns in a new report. Ryanair, Europe’s biggest low cost carrier and a major provider of air service to Ukraine, announced Monday that it will ground most of its fleet over the next 10 days. Ukraine International Airlines estimates that flight interruptions due to coronavirus will cut its revenues by one third during the first quarter.
