Aviation consultancy warns that international industry could collapse within months
Major airlines including British Airways, Ryanair, easyJet and Virgin Atlantic announced a dramatic scaling-back of their operations on Monday, including plans to cancel the majority of their flights and ground thousands of planes, with experts and industry executives calling for government bailouts to avoid bankruptcies.
The moves came as an aviation consultancy warned that the international airline industry will collapse within months, with the loss of hundreds of thousands of jobs, unless states worldwide inject billions of dollars of emergency funding to see it through the coronavirus “catastrophe”.
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