Airlines seek relief, ask for 30% cut in this major cost to survive coronavirus

With the rise of coronavirus cases across the globe, air passenger growth has come to a halt amid travel restrictions. To survive the blow to the aviation industry, the Board of Airlines Representatives in India (BALR) has sought a 30% reduction in aeronautical charges for the next six months, PTI reported. The same, if implemented, will be a temporary relief to the industry which is slowly running out of cash. In fact, according to industry advisor CAPA, many airlines are looking at bankruptcy by the end of the May if coronavirus persists. The airline industry is under tremendous pressure and at least one carrier has already collapsed due to demand slump.