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MercoPress, en Español

Montevideo, November 22nd 2024 - 07:38 UTC

Tag: CAPA

  • Thursday, March 19th 2020 - 08:36 UTC

    Most world airlines “will be bankrupt by the end of May”

    CAPA said “demand is dying up in ways that are completely unprecedented. Normality is not yet on the horizon.”

    Sydney-based consultancy CAPA Center for Aviation warned in a statement on Monday that most of the world's airlines will be bankrupt by the end of May. Airline carriers are suspending routes for March, April, and May, and a full grounding of fleets has yet to be ruled out as flight restrictions have been placed across the world, spurring a collapse in demand, due to the Covid-19 pandemic.