Home Media Observer Asian airlines remain under pressure

Asian airlines remain under pressure

According to the International Air Transport Association (IATA), the airline industry is unlikely to fully recover from the effects of the coronavirus pandemic before 2024.

Singapore Airlines raised USD 6.4 billion from share sales, but spent half of it in just two months. The Singaporean airline has cut salaries and sent employees on unpaid leave as it operates at less than 10 percent of its capacity during the coronavirus pandemic.

The Australian airline Qantas reported its first loss in six years and predicted it would not make any money next fiscal year.

Read more at Scmp.com