Leading airlines in Europe and Asia reported heavy losses yesterday amid the deepening crisis engulfing the aviation sector.
Giovanni Bisignani, director-general of the International Air Transport Association, said carriers were being hit by “shocking” revenue falls on international routes of up to 30 per cent at the beginning of the busy June-August travel period, when airlines traditionally made their money.
He said: “The outlook remains bleak . . . There are no signs of an early economic recovery.”
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