Global & Africa Travel News

Airline Debt Balloon by Heavy Debt Levels Will Weigh Down Airline Recovery

Geneva, Switzerland, May 28, 2020 / TRAVELINDEX / 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…

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