IATA Warns About Airlines’ Growing Cash Crisis | Aviation International News

IATA Warns About Airlines’ Growing Cash Crisis

Airlines stand to burn a total of $77 billion during the second half of the year.

By Gregory Polek • Senior Editor

October 6, 2020

The International Air Transport Association on Tuesday sounded another alarm about the world’s airlines’ ability to overcome accelerating cash burn, estimated now to total $77 billion during the second half of the year. According to IATA chief economist Brian Pearce, the median airline can operate for roughly 8.5 months with the cash it controls, a rapidly eroding position that marks only a modest improvement over the period before governments injected their first tranche of aid.

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