Do you want to access to this and other private contents?
Log in if you are a subscriber or click here to request service

Aircraft and transport. Iata: deeper revenue hit from COVID-19

Slower recovery -ATTACHMENT

The International Air Transport Association (IATA) updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry. Owing to the severity of travel restrictions and the expected global recession, IATA now estimates that industry passenger revenues could plummet $252 billion or 44% below 2019’s figure. This is in a scenario in which severe travel restrictions l...

red - 1228742
Geneva, Switzerland, 03/24/2020 16:56
AVIONEWS - World Aeronautical Press Agency

Finance and economyAircraft and transport. Covid-19. IATA: airlines facing rapid cash burn

The Association published new analysis -ATTACHMENT

The International Air Transport Association (IATA) published new analysis showing that airlines may burn through $61 billion of their cash reserves during the second quarter ending 30 June 2020, while... more

Civil aviationIATA thanks Governments for support

But more need to step up

The International Air Transport Association (IATA) welcomed the support of those governments around the world that have provided financial relief to airlines and urged other governments to follow suit... more

Civil aviationAircraft and airlines and Covid-19. The three alliances call on for extraordinary support

To Governments and stakeholders

On behalf of their member airlines, the three global carrier alliances oneworld, SkyTeam and Star Alliance are jointly calling on governments and stakeholders to take action to alleviate the unprecedented... more

Similar

AirlinesGatwick (2). The terminal has also reopened to passengers

The post on X confirms it

The London-Gatwick Airport company has published a post on X that confirms: "The earlier security alert has now been resolved and cleared by police. The South Terminal is reopening to staff and will be... more

Civil aviationSolarig Spain invests €1.15 billion to produce SAF aviation fuel

New plant in Teruel, Aragon, with capacity of over 75,000 tons per year

Equivalent to 33,000 flight connections between Zaragoza and London (considering a 50% sustainable fuel mix) more

AirlinesLOT Polish Airlines adds Malta to its European route network

Inaugural flight in April 2025 four times a week

LOT Polish Airlines, a member of Star Alliance, is continuing the expansion of its European route network and will start serving Malta from Spring 2025. Following the inaugural flight on 16th April 2025,... more