{"id":342232,"date":"2020-03-17T11:45:24","date_gmt":"2020-03-17T06:15:24","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342232"},"modified":"2020-03-17T12:36:53","modified_gmt":"2020-03-17T07:06:53","slug":"coronavirus-could-bankrupt-most-airlines-by-end-of-may-warns-consultant","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-could-bankrupt-most-airlines-by-end-of-may-warns-consultant\/","title":{"rendered":"Coronavirus could bankrupt most airlines by end of May, warns consultant"},"content":{"rendered":"<p>NEW DELHI : The coronavirus pandemic will bankrupt most airlines worldwide by the end of May unless governments and the industry take coordinated steps to avoid such a situation, an aviation consultant warned.<\/p>\n<p>Many airlines have probably been driven into technical bankruptcy or substantially breached debt covenants already, Sydney-based consultancy CAPA Centre for Aviation warned in a statement Monday. Carriers are depleting cash reserves quickly because their planes are grounded and those that aren\u2019t are flying more than half empty, it said.<\/p>\n<p>\u201cCoordinated government and industry action is needed \u2014 now \u2014 if catastrophe is to be avoided,&#8221; CAPA said. Otherwise, \u201cemerging from the crisis will be like entering a brutal battlefield, littered with casualties,&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : The coronavirus pandemic will bankrupt most airlines worldwide by the end of May unless governments and the industry take coordinated steps to avoid such a situation, an aviation consultant warned. Many airlines have probably been driven into technical bankruptcy or substantially breached debt covenants already, Sydney-based consultancy CAPA Centre for Aviation warned in a statement Monday. Carriers are depleting cash reserves quickly because their planes are grounded and those that aren\u2019t are flying more than half empty, it said. \u201cCoordinated government and industry action is needed \u2014 now \u2014 if catastrophe is to be avoided,&#8221; CAPA said. [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-342232","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342232"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342232\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}