Malaysia: Airlines will not be able to slash costs sufficiently to nuetralise cash burn – IATA
KUALA LUMPUR, Oct 28 (NNN-BERNAMA) — The airline industry will not be able to slash costs sufficiently to neutralise severe cash burn and avoid bankruptcies and preserve jobs in 2021, according to the International Air Transport Association (IATA).
In its new analysis, IATA reiterated its call for government relief measures to sustain airlines financially and avoid massive employment terminations.
The trade association of the world’s airlines also called for pre-flight COVID-19 testing to open borders and enable travel without quarantine.