Survival of the Fittest: Mideast airlines brace for Covid-19 impact - Arabianbusiness:
As coronavirus grounds airlines, plunging the industry into unprecedented crisis, Middle East carriers that have been in the red for years must urgently tap assistance from governments facing their own revenue slump.
Authorities across the region have taken draconian measures to curb the disease, closing airports and halting passenger flights, and bringing major hubs like Dubai and Abu Dhabi to a standstill.
The Arab Air Carriers’ Organization (AACO) and the International Air Transport Association (IATA) have appealed for urgent financial aid from governments, warning that inaction will imperil the industry’s future.
“The airline industry faces its gravest crisis ... For airlines, it’s apocalypse now,” IATA chief Alexandre de Juniac said this week.
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