International Air Transport Association (IATA) director-general Alexandre de Juniac
KUALA LUMPUR: Airlines may burn through US$61 billion (RM266 billion) of their cash reserves during the second quarter (Q2) of this year and post a quarterly net loss of US$39 billion (RM170 billion) if severe travel restrictions related to COVID-19 last for three months.
Under this analysis by the International Air Transport Association (IATA), full-year demand would fall by 38 per cent and full-year passenger revenues drop by US$252 billion (RM1.1 trillion) compared to 2019.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
