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Airlines Experiencing 'Deepest Crisis Ever'

2020-04-01 1 Dailymotion

As coronavirus continues to spread globally, commercial airline flights are losing more business than ever before. <br />The trade group representing the world’s airlines called the last few months the "deepest crisis ever,” as more governments limit or suspend commercial air travel. <br />According to Reuters, as of late March, the International Air Transport Association estimated that the airline industry will lose over $250 billion dollars in 2020.<br />They urged governments to offer immediate financial support. <br />Alexandre de Juniac, head of the IATA explained “We have the people and the experience to see this through. But, to be perfectly frank, we don’t have the money.”<br />In the U.S., Congress voted to give the American aviation industry $58 billion, in a coronavirus rescue package. <br />Singapore Airlines secured $13 billion in funding.

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