Global aviation industry needs $200b to fight Covid-19

Global aviation industry needs $200b to fight Covid-19

International travel will slump at least 10.5 per cent this year.. Airlines across the globe will need up to $200 billion in government support to survive the snowballing Covid-19 pandemic challenges, the International Air Transport Association said on Tuesday.. If we want to maintain a strong airline sector able to cope with this difficult crisis and provide the resources to ensure the recovery will happen in due time, we need governments to act strongly and quickly," he said.. De Juniac's rallying call for the aviation industry came as major world airlines announced further deep cuts to service as the worsening coronavirus crisis ravages demandIata chief economist Brian Pearce also said cash was running out for many airlines and that 75 per cent of them had cash to cover less than three months of unavoidable fixed costs.. Saj Ahmad, an analyst at London's StrategicAero Research, said the industry has not reached the bottom of Covid-19 crisis.". Urging governments to take urgent measures to ensure that air cargo will be available to support the global fight against the pandemic, de Juniac pointed out that over 185,000 passenger flights have been cancelled since the end of January in response to government travel restrictions.".