October 30, 2020

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IATA warns: airlines run out of money quickly

IATA warns: airlines run out of money quickly

According to the World Aviation Organization, around $ 77 billion will be handled in the second half of 2020, although airlines will again be able to fly to a limited extent. The IATA predicts that there will be five to six billion dollars a month by 2021.

Juniac urges governments to continue lending to the aviation sector, which has been hit hard by the corona crisis. “Governments are currently investing around 160 billion euros in the sector, and we are grateful for that. However, the crisis has turned out to be worse than expected and, if aid is not renewed, the consequences for the aviation and tourism sectors are incalculable. “

As a rule, airlines make the most money during the summer season. After the safety net is removed before winter, there are big problems. The IATA has therefore previously spoken out in favor of easing international travel restrictions.

IATA figures show that the corona crisis threatens 4.8 million jobs in the aviation sector.