Threat of another lost summer stirs cash-crunch fears for airlines

The latest setbacks to the return of air travel are stoking concern that a cash crunch is about to bear down on the airline industry.

A second summer lost to the coronavirus crisis would likely trigger a spate of airline failures and bankruptcy filings, alongside a repeat of 2020’s bailouts, job cuts, and jetliner deferrals and cancellations, according consultants IBA Group.

In just the past week, the optimism that took the Bloomberg World Airlines