The worst is yet to come for the world’s airlines
The industry is expected to burn through $77bn in cash in the six months to December
11 October 2020 - 17:56
If you say your summer holidays were lacklustre in an era of pandemic-induced staycations, spare a thought for the world’s airlines.
The industry typically earns about 40% of its profits in the third calendar quarter alone, as the surge in travel gives carriers the chance to finally fill up aircraft at prices that can pay off their wage, fuel and debt bills...
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