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Winter is coming for the world's airlines

Industry will likely not soon recover without significant help from governments

After a £600 million loan earlier in the year, low-cost carrer Easyjet is in talks with the British government about a second slug of state support.

New York

IF YOU think your summer holidays were lacklustre in an era of pandemic-induced staycations, spare a thought for the world's airlines.

The industry typically earns some 40 per cent of its profits in the third calendar quarter alone, as the surge in travel gives carriers...

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