IATA predicts airline industry won't turn cash positive till Q4 of 2021, which is earlier than expected, thanks to the hope of Covid vaccines coming soon.
The new rules, part of a partial lockdown in UK to curb a resurgence of the coronavirus, come as the aviation industry struggles to survive a collapse in demand.
Southeast Asia’s budget carrier has been under immense pressure as the Covid pandemic roils the aviation industry. It reported its largest loss on record in the quarter ended June 30.
In a written reply to the Rajya Sabha, Union Minister Hardeep Singh stated that revenue of airport operators reduced to Rs 894 crore during April-June 2020 from Rs 5,745 crore last year.
IATA, which represents 290 carriers globally, said it doesn’t see passenger traffic recovering until at least 2024, and expects airlines to lose more than $84 billion in 2020.
The Italian term sprezzatura—a studied nonchalance that conceals intention—best captures the spirit of Trump’s foreign policy so far. The pattern is unpredictability, transactionalism, and disruption as diplomacy.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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