‘Deepest crisis ever’: Covid-19’s effect on airlines dwarfs 9/11 fallout, says industry

The coronavirus has devastated airlines

The coronavirus has devastated airlines worldwide even more than the aftermath of 9/11, the International Air Transport Association (IATA) has said, warning that air carriers are set to lose at least $250 billion.

“Airlines are desperately trying to survive in the most difficult times imaginable,” said IATA CEO Alexandre de Juniac. “We have the people and the experience to see this through. But, to be perfectly frank, we don’t have the money.”

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