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75% airlines globally will face liquidity crisis
March 18, 2020
75% airless worldwide will face liquidity crisis due to the cancellation of tickets due to the outbreak of virus.
Brian Pearce, Chief economist at IATA said, “Airlines have to pay large number of cost even if they do not operate. Situation for the airlines worldwide is going to worsen in upcoming months”.
Airlines industry globally has seen a loss of $113 million due to the outbreak of coronavirus. Situation for Airlines in Europe and US is getting worse.
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