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Airlines need further £60bn+ in aid to survive Covid – Iata

Government
James Chapple
20 November 2020

The world’s airlines will need in excess of another £60 billion in aid to survive the Covid crisis, Iata general secretary Alexandre de Juniac has warned.

(Credit: Jason Leung / Unsplash)

Speaking at the Paris Air Forum on Friday (20 November), de Juniac thanked governments around the world for provision, to date, of around £120 billion in support, Reuters reports.


However, he said also stressed that in the coming months, the industry’s additional funding needs would amount to around another £60 billion in aid "otherwise some airlines will not survive".

De Juniac also offered an update on the financial outlook for the sector, admitting losses for the year could run to £75 billion, up from a previous Iata estimate of £65.5 billion.