Global traffic is now down 80 percent, quashing recent forecasts that the number of airline passengers would double within 20 years. The International Air Transport Association (IATA) has said passenger revenues will plunge by about 55 percent in 2020 due to the pandemic.
"We are not expecting to restart the same industry that we closed a few weeks ago,"
Alexandre de Juniac, head of IATA said.
In late March, the IATA, which represents 290 carriers, forecast that half of the world's airlines would run out of cash within two to three months.
It urged governments to support airlines, either by nationalizing them or injecting fresh capital, waiving or delaying charges including taxes, or providing loan guarantees.
Airlinerwatch.com