IATA: 'There's a real risk' of airline failures into 2H2021

IATA chief economist Brian Pearce, speaking at the 2020 IATA AGM, estimated (24-Nov-2020) a median of eight to nine months of cash available for airlines as of around Jun-2020, which would last until the end of 1Q2021.

He added that the organisation doesn't expect revenue situations of airlines to have "substantially improved" until 4Q2021. "That means there's a real risk we will see airline failures" between 2Q2021 and 4Q2021, Mr Pearce continued, unless "rigorous testing regimes" can be put in place ahead of the vaccine arriving.

Source: Centre for Aviation