Airlines warn they may not survive without bailout

Thu, Mar 19th 2020, 12:36 PM

The warnings came just hours after Qantas became the latest major airline to cancel its international flights. At the same time India is reportedly preparing a rescue package to support its carriers. It comes as airlines around the world are being forced to cancel services as travel demand dries up. "The longer this crisis lasts, the more likely it is that the future of aviation cannot be guaranteed without state aid," said Lufthansa chief executive Carsten Spohr. Lufthansa has already held talks with the German government about providing special loans. Mr Spohr's comments were echoed by the boss of UK carrier EasyJet, Johan Lundgren, who also warned that airlines could go bankrupt without state aid.


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