{"id":342302,"date":"2020-03-18T11:59:27","date_gmt":"2020-03-18T06:29:27","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=342302"},"modified":"2020-03-18T11:59:27","modified_gmt":"2020-03-18T06:29:27","slug":"about-75-airlines-globally-including-indians-set-to-face-liquidity-crisis-iata","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/about-75-airlines-globally-including-indians-set-to-face-liquidity-crisis-iata\/","title":{"rendered":"About 75% airlines globally, including Indians, set to face liquidity crisis: IATA"},"content":{"rendered":"<p>NEW DELHI: The International Air Transport Association (IATA) has today said that about 75% of the airlines across the globe, including airlines in India, are set to face liquidity crisis due to flight cancellations, as governments try to contain the spread of COVID-19 virus in their respective country.<\/p>\n<p>\u201cThere are a large number of fixed cost that airlines have to pay, whether they operate flights or not. In the beginning of this year, about 75% of the airlines had less than three months of cash to cover their fixed cost. Airlines are looking at liquidity crisis due to recent situation arisen due to cancellations across the globe,\u201d Said Brian Pearce, chief economist at IATA.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: The International Air Transport Association (IATA) has today said that about 75% of the airlines across the globe, including airlines in India, are set to face liquidity crisis due to flight cancellations, as governments try to contain the spread of COVID-19 virus in their respective country. \u201cThere are a large number of fixed cost that airlines have to pay, whether they operate flights or not. In the beginning of this year, about 75% of the airlines had less than three months of cash to cover their fixed cost. Airlines are looking at liquidity crisis due to recent situation [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-342302","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342302","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=342302"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/342302\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=342302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=342302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=342302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}