{"id":386228,"date":"2020-11-26T10:30:45","date_gmt":"2020-11-26T05:00:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=386228"},"modified":"2020-11-26T11:22:02","modified_gmt":"2020-11-26T05:52:02","slug":"global-airline-industry-will-burn-77-bn-cash-in-h2-2020-iata","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/global-airline-industry-will-burn-77-bn-cash-in-h2-2020-iata\/","title":{"rendered":"Covid-19, Global airline industry will burn $77 bn cash in H2-2020: IATA"},"content":{"rendered":"<p>The global airline industry will burn through $77 billion in cash during the second half of 2020 despite the resumption of flight services amid the coronavirus pandemic, said International Air Transport Association (IATA).<\/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 $5 to $6 billion per month in 2021. The cash drain continued during the summer months, with airlines expected to go through an additional $77 billion of their cash during the second half of this year and a further $60-70 billion in 2021. The industry is not expected to turn cash positive until 2022,&#8221; said IATA in a press release.<\/p>\n<p><a href=\"https:\/\/livemedia.press\/product-category\/subscribe-il\/?v=56b5fbba0fe8\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\" alignright\" src=\"http:\/\/telecomlive.in\/web\/wp-content\/uploads\/2015\/05\/read-more.gif\" alt=\"http:\/\/telecomlive.in\/web\/wp-content\/uploads\/2015\/05\/read-more.gif\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global airline industry will burn through $77 billion in cash during the second half of 2020 despite the resumption of flight services amid the coronavirus pandemic, said International Air Transport Association (IATA). &#8220;The slow recovery in air travel will see the airline industry continuing to burn through cash at an average rate of $5 to $6 billion per month in 2021. The cash drain continued during the summer months, with airlines expected to go through an additional $77 billion of their cash during the second half of this year and a further $60-70 billion in 2021. The industry is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":386229,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[119],"tags":[],"class_list":["post-386228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazinenews"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386228","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=386228"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/386228\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media\/386229"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=386228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=386228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=386228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}