Iata renews calls for goverment relief measures to sustain airlines
Carriers have been unable to slash their costs sufficiently to neutralise severe cash burn
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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.
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