Most airlines will be bankrupt by end of May: Report on Coronavirus

12:00:00 AM, Tuesday 17th of March 2020 | in travel

According to a global report on Coronavirus by global aviation consultancy firm CAPA, Most airlines in the world will be bankrupt by the end of May and only a coordinated government and industry action right now can avoid the catastrophe. "Many airlines have probably already been driven into technical bankruptcy, or are at least substantially in breach of debt covenants," the report said while highlighting the impact of COVID-19.