If the global industry reaches these levels of debt, it will be an additional $120 billion in the red compared to the start of the year before the Covid-19 crisis.
The association estimates airlines will be carrying $67 billion in government loans, deferred tax payments and loan guarantees. Another $52 billion will come from commercial loans, capital markets, credit facilities and renegotiated operating leases.
Iata predicts the world’s airlines will be 28% more in debt when services resume later this year.
