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Seven Days: 20 March 2020

Seven Days: 20 March 2020

Airlines could need $200bn 

Trade body estimate

The International Air Transport Association (IATA) has estimated that the worldwide airline industry will need between $150bn-$200bn in government support to make it through the coronavirus crisis. The trade body noted that it had, on 5 March, projected that industry revenues could take a hit of up to $113bn because of what it then thought would be the worst-case scenario – but it could not have foreseen the developments that have taken place in recent days, entailing major restrictions on travel being implemented. 

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