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IATA: Airlines Will Burn Through US$300,000 Per Minute in 2020


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LONDON – The International Air Transport Association (IATA) has warned that the commercial aviation sector will burn around US$300,000 per minute in costs due to the ongoing COVID-19 pandemic. IATA adds that the airline industry faces a “looming cash crisis” due to such slow recovery in the market. This figure equates to an estimated US$77bn […]

The post IATA: Airlines Will Burn Through US$300,000 Per Minute in 2020 appeared first on Airways Magazine.

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