{"id":344523,"date":"2020-04-01T10:23:39","date_gmt":"2020-04-01T04:53:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=344523"},"modified":"2020-04-01T10:23:39","modified_gmt":"2020-04-01T04:53:39","slug":"usd-35-billion-liability-in-june-quarter-over-covid-19-airlines-body","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/usd-35-billion-liability-in-june-quarter-over-covid-19-airlines-body\/","title":{"rendered":"USD 35 billion liability in June quarter over COVID-19: Airlines&#8217; body"},"content":{"rendered":"<p>The airlines are faced with refunding USD 35 billion of sold but unused tickets in the April-June period as governments across the world have imposed travel restrictions to curb the spread of the novel coronavirus pandemic, according to a global airlines&#8217; body. India has imposed a 21-day lockdown to contain the spread of the COVID-19 (coronavirus disease 2019), and domestic and international commercial passenger flights have been suspended for this period. Many other virus-affected countries have taken similar measures.<\/p>\n<p>&#8220;On top of unavoidable costs, airlines are faced with refunding sold but unused tickets as a result of massive cancellations resulting from government-imposed restrictions on travel. The second quarter liability for these is a colossal $35 billion. Cash burn will be severe,&#8221; the International Air Transport Association (IATA) said on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The airlines are faced with refunding USD 35 billion of sold but unused tickets in the April-June period as governments across the world have imposed travel restrictions to curb the spread of the novel coronavirus pandemic, according to a global airlines&#8217; body. India has imposed a 21-day lockdown to contain the spread of the COVID-19 (coronavirus disease 2019), and domestic and international commercial passenger flights have been suspended for this period. Many other virus-affected countries have taken similar measures. &#8220;On top of unavoidable costs, airlines are faced with refunding sold but unused tickets as a result of massive cancellations resulting [&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-344523","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\/344523","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=344523"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/344523\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=344523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=344523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=344523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}