US carriers have already asked Washington for $50 billion in grants and loans, plus tens of billions in tax relief. The airline industry's main global body, the International Air Transport Association (IATA), said the total government support needed worldwide could reach $200 billion. FLIGHT CUTS GET DEEPERThe situation has worsened for airlines this week as governments have tightened travel restrictions. United Airlines Holdings Inc said it would cut 60% of its capacity in April, including 85% of its international flights. Singapore Airlines Ltd plans to halve its capacity through the end of April, with further cuts possible as it braces for a "prolonged" period of difficulty.

Source: bd News24 March 18, 2020 03:22 UTC