Airlines facing rapid cash burn
KUALA LUMPUR: Airlines may burn through $61 billion (RM266 billion) of their cash reserves during the second quarter (Q2) of this year and post a quarterly net loss of $39 billion (RM170 billion) if severe travel restrictions related to Covid-19 last for three months. Under this analysis by the International Air Transport Association (IATA), full-year demand would fall by 38 per cent and […]
