Cost to airlines of Covid-19 crisis rises again to top €235bn

Airlines worldwide could lose €235bn in revenue this year from the coronavirus pandemic, threatening the survival of the industry, according to the International Air Transport Association.

The anticipated hit is more than double a decline mooted by IATA earlier this month, reflecting the steep downward spiral of many carriers as they grapple with a crisis more severe than anything the sector has ever faced, the trade group said.