Coronavirus: Most airlines will be bankrupt by May 2020, says market intelligence firm CAPA - News Summed Up

Coronavirus: Most airlines will be bankrupt by May 2020, says market intelligence firm CAPA


The Centre for Aviation, part of the Aviation Week Network (CAPA), a market intelligence firm for the aviation and travel industry, on Monday predicted that most airlines in the world will be bankrupt due to the coronavirus outbreak that has severely impacted the industry. According to a report on CAPA's official website, the organisation said that coordination between the governments and the industry is required to save it. "By the end of May-2020, most airlines in the world will be bankrupt. The organisation also said that governments are not thinking about the airlines while attempting to contain the virus. "While governments are grappling with the health challenges of coronavirus, it is clear that there is little instinct to act cooperatively.


Source: dna March 16, 2020 09:45 UTC



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