Global airlines likely to be bankrupt by end of May, aviation consultant warns

Empty airport.
(Image credit: Paula Bronstein/Getty Images)

Without government intervention, most airlines will go bankrupt by the end of May amid the coronavirus outbreak, an aviation consultant warns.

The warning, published by CAPA Centre for Aviation, based in Sydney, Australia, noted that cancellations outweigh future bookings, and airlines are seeing an unprecedented lack of demand.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
Taylor Watson

Taylor Watson is audience engagement editor for TheWeek.com and a former editorial assistant. She graduated from Syracuse University, with a major in magazine journalism and minors in food studies and nutrition. Taylor has previously written for Runner's World, Vice, and more.