Sign up to FREE email alerts from Mirror - money Subscribe Thank you for subscribing We have more newsletters Show me See our privacy notice Invalid EmailCoronavirus could bankrupt almost all of the world's airlines in just a few weeks, experts have predicted. "Forward bookings are far outweighed by cancellations and each time there is a new government recommendation it is to discourage flying. In an unusual joint statement, the world's three main airline alliances - oneworld, SkyTeam and Star Alliance - called for government aid to alleviate the "unprecedented challenges" faced by the industry. EasyJet said it would likely ground most of its fleet as it joined Virgin Atlantic in calling for government support. Bernstein analyst Daniel Roeska said: "Airlines are siphoning cash and have no way of stopping it" as bookings grind to a halt and traffic collapses.

Source: Daily Mirror March 16, 2020 12:20 UTC