Airline debt to balloon by 28% to $550 billion by the end of year

Airline debt to balloon by 28% to $550 billion by the end of year

The International Air Transport Association (IATA) released analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020. $67 billion of the new debt is composed of government loans ($50 billion), deferred taxes ($5 billion) and loan guarantees ($12 […]

– eTurboNews | Trends | Travel News
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