Airlines need another $70-80B to survive, says IATA chief

PARIS — Airlines need up to another $80 billion to survive, the head of the industry’s trade association told a French daily on Friday, as many countries tighten restrictions to confront another wave of coronavirus infections.

“For the coming months, the industry is estimated to need $70-$80 billion in additional aid,” the head of the International Air Transport Association (IATA) Alexandre de Juniac told La Tribune. “Otherwise they won’t survive.”

Airlines are one of the sectors worst hit by measures adopted by governments to slow the spread of the coronavirus, but they have also received an estimated $160 billion in aid.

“The longer the crisis lasts, the greater the risk…

Keep on reading: Airlines need another $70-80B to survive, says IATA chief

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