Iata renews calls for goverment relief measures to sustain airlines

Carriers have been unable to slash their costs sufficiently to neutralise severe cash burn

Fiona Lam

Published Wed, Oct 28, 2020 · 09:50 PM

Singapore

AIRLINES around the world have been unable to slash their costs sufficiently to neutralise severe cash burn to avoid bankruptcies and save jobs in 2021, and their revenues next year will likely come in at just half of 2019's levels.

The International Air Transport Association (Iata) thus reiterated its call for government relief measures to sustain carriers financially and prevent massive retrenchments.

In a statement on Tuesday night, Iata noted that the global airline industry's total …