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.
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