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Winter is coming for the world's airlines

Industry will likely not soon recover without significant help from governments

Published Sun, Oct 11, 2020 · 09:50 PM
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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 the chance to finally fill up planes at prices that can pay off their wage, fuel and debt bills.

There were aspirat…

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Airlines

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