{"id":377297,"date":"2020-10-08T09:01:31","date_gmt":"2020-10-08T03:31:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=377297"},"modified":"2020-10-08T11:35:18","modified_gmt":"2020-10-08T06:05:18","slug":"global-airline-industry-will-burn-through-77-billion-cash-in-second-half-of-2020-iata","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-airline-industry-will-burn-through-77-billion-cash-in-second-half-of-2020-iata\/","title":{"rendered":"Global airline industry will burn through $77 billion cash in second half of 2020: IATA"},"content":{"rendered":"<p>The global airline industry will burn through USD 77 billion in cash during the second half of 2020 despite the resumption of flight services amid the coronavirus pandemic, said airlines body IATA on Tuesday. <\/p>\n<p>&#8220;The slow recovery in air travel will see the airline industry continuing to burn through cash at an average rate of USD 5 to USD 6 billion per month in 2021,&#8221; said the International Air Transport Association (IATA) in a press release.<\/p>\n<p>The IATA has around 290 airlines as its members comprising 82 per cent of global air traffic.<\/p>\n<p>&#8220;The cash drain continued during the summer months, with airlines expected to go through an additional USD 77 billion of their cash during the second half of this year and a further USD 60-70 billion in 2021. The industry is not expected to turn cash positive until 2022,&#8221; the release noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global airline industry will burn through USD 77 billion in cash during the second half of 2020 despite the resumption of flight services amid the coronavirus pandemic, said airlines body IATA on Tuesday. &#8220;The slow recovery in air travel will see the airline industry continuing to burn through cash at an average rate of USD 5 to USD 6 billion per month in 2021,&#8221; said the International Air Transport Association (IATA) in a press release. The IATA has around 290 airlines as its members comprising 82 per cent of global air traffic. &#8220;The cash drain continued during the summer [&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":[176,146,130],"tags":[],"class_list":["post-377297","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377297","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=377297"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377297\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=377297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=377297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=377297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}