Airlines at risk as cash burn set to bleed into 2021

International Air Transport Association said that nearly five million aviation jobs are in danger

Lufthansa is burning through €500m of cash per month, with no sign of breaking even.

Airlines will burn through around $77bn (€66bn) in cash over the course of the second half of this year, threatening the viability of many, according to industry group International Air Transport Association (IATA).

IATA said airlines are currently burning through $300,000 per minute despite a restart of operations. But the slow recovery in air travel may see airlines continue to burn through an average of $5bn-$6bn in cash per month in 2021.