Aviation has been one of the sectors worst hit by the fallout from the COVID-19 pandemic. With revenues expected to drop by 44 percent this year, many airlines will go bankrupt without government aid, airline trade body the International Air Transport Association (IATA) has warned.
Across the world, the industry is now asking for huge sums of government money to help it get through. IATA says $200 billion is needed globally. Many consider bailouts of some kind are essential to support those working in the airline industry and avoid throwing them into economic insecurity.