Airport, borders and even Country are closed. Thousands of flights are cancelled in light of travel ban to fight the Coronavirus. Demand is drying up in ways that are completely unprecedented.
Airlines are fast running out of cash, as hundreds of thousands of fleets are grounded; as they battle to survive travel restrictions and country lock downs, that have engulfed the aviation and travel industry in crisis. IATA have warned the lost in revenue for airlines due to Covid-19 could be up to 113 Billion Dollars.
The escalating coronavirus crisis could bankrupt most of the world’s airlines by the end of May; unless they get help from governments and the industry, aviation consultancy CAPA has warned.
This video we look at the current states of aviation with focus on airlines, airplane manufacturer and the broader travel community.