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Most airlines will go bankrupt by May: Report

Posted On: Mar. 17, 2020 7:08 AM CST

Coronavirus

A report by Australia-based aviation market intelligence provider CAPA – Centre for Aviation said that most airlines across the world will be bankrupt by the end of May unless governments intervene, CNN reports. "Cash reserves are running down quickly as fleets are grounded, and what flights there are operate much less than half full," the report said.

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