{"id":344488,"date":"2020-04-01T10:00:32","date_gmt":"2020-04-01T04:30:32","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344488"},"modified":"2020-04-01T10:13:18","modified_gmt":"2020-04-01T04:43:18","slug":"global-airline-industry-expected-to-post-39-billion-loss-in-second-quarter-iata","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-airline-industry-expected-to-post-39-billion-loss-in-second-quarter-iata\/","title":{"rendered":"Global airline industry expected to post $39 billion loss in second quarter: IATA"},"content":{"rendered":"<p>Our Bureau The global airline industry is expected to post a loss of $39 billion during the second quarter, the International Air Transport Association (IATA) said on Tuesday.<\/p>\n<p>A recovery for the global airline industry to pre-2019 levels is unlikely before the fourth quarter of this year or till 2021, said Brian Pearce, IATA\u2019s Chief Economist.<\/p>\n<p>Addressing a global media teleconference, he said that the cash burn during the second quarter in the global airline industry is likely to be around $61 billion. The global airline industry is also looking at around $35 billion in ticket refund for flights that have been cancelled of which $10 billion is estimated to be in Europe alone, he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our Bureau The global airline industry is expected to post a loss of $39 billion during the second quarter, the International Air Transport Association (IATA) said on Tuesday. A recovery for the global airline industry to pre-2019 levels is unlikely before the fourth quarter of this year or till 2021, said Brian Pearce, IATA\u2019s Chief Economist. Addressing a global media teleconference, he said that the cash burn during the second quarter in the global airline industry is likely to be around $61 billion. The global airline industry is also looking at around $35 billion in ticket refund for flights that [&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":[130],"tags":[],"class_list":["post-344488","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344488","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=344488"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344488\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}