News / Airlines brace for multi-billion dollar losses as 'the market gets really screwed'

05/03/2020

As UK regional carrier Flybe went into liquidation this morning, following low demand on top of already challenging finances, IATA predicted global revenue losses for the passenger business of between $63bn and $113bn.

Its previous prediction, for ‘just’ $29.3bn, was based on a scenario that confined ...

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