(Bloomberg) — Governments have devoted more than $85 billion to propping up airlines after the coronavirus pandemic wiped out travel demand and grounded jetliner fleets. But with job cuts racking up — 20,000 were announced in Europe this past week — a debate is raging over whether opening the spigot will do more than merely delay the inevitable.Some 80% of flight capacity remains idled, while a rebound in China has stalled, leading the International Air Transport Association to suggest the recovery will be a tortuous one. Given the financial impact and safety measures likely to be required, it could be …read more
Source:: Yahoo Finance
