Airlines facing 'worst year in history' with €75bn in losses

Airlines are expected to lose a combined $84.3bn (€75bn) this year and suffer a 50% fall in revenues in what is being described as the worst year in history for the air travel industry.
Airlines facing 'worst year in history' with €75bn in losses
Tue, 09 Jun, 2020 - 19:23
Geoff Percival

Cathay Pacific is the latest airline to tap a government bailout. AP Photo/Kin Cheung
Cathay Pacific is the latest airline to tap a government bailout. AP Photo/Kin Cheung

Airlines are expected to lose a combined $84.3bn (€75bn) this year and suffer a 50% fall in revenues in what is being described as the worst year in history for the air travel industry.

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Place: EuropePlace: GermanyPlace: BeijingPlace: Los AngelesPlace: SydneyPlace: TokyoPerson: Alexandre de JuniacPerson: JuniacPerson: Patrick HealyOrganisation: International Air Transport AssociationOrganisation: IATAOrganisation: International Civil Aviation OrganizationOrganisation: ICAOOrganisation: Cathay PacificOrganisation: LufthansaOrganisation: CathayOrganisation: Reuters
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