Most of the world’s airlines could be bankrupt by the end of May without help from the government and industry, according to a major aviation consultancy.The warning comes from CAPA Centre for Aviation, an airline analysis and consulting firm based in Australia, as airlines worldwide cut schedules and staff due to the COVID-19 pandemic.”Demand is drying up in ways that are completely unprecedented,” CAPA said in a report. “Normality is not yet on the horizon.”Many countries have closed borders to arrivals or have announced compulsory self-isolation, leading to a sharp fall in demand for air travel.The US has banned all flights from Europe, including the UK, while countries including Israel, Australia and New Zealand have said all arrivals will have to spend 14 days in isolation on arrival. Advertisement On Monday morning, easyJet said it would continue to operate rescue flights for short periods “where we can” to repatriate passengers; however, it would also be cutting operations further.”These actions will continue on a rolling basis for the foreseeable future and could result in the grounding of the majority of the easyJet fleet,” the airline said in a statement. More from Covid-19 Coronavirus: UK to make announcement on COVID-19 measures today,… Read full this story
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