<p><center><img src=https://media-news.umarkets.com/admin/img/3f74c161-d232-4cfc-bf7f-4856b349b137></center></p> <div>Global airlines are caught in a bind as the coronavirus outbreak reaches for their bottom dollar. They had slashed capacity by 90% and had even grounded fleets due to travel restrictions.</div> <div> </div> <div>The ungodly spread of the virus had managed to take out 41%, or $157 billion, of the share value of 116 listed airlines across the globe. In a report, a number of these airlines had already used up their cash to cover less than two months' worth of expenses.</div> <div> </div> <div>The International Air Transport Association (IATA), the industry's global governing body, had reported that the sector would need up to $200 billion in government support so that the airlines would survive.</div> <p>https://dowmarkets.com/en/news/airlines-cash-drawers-emptied-virus-causes-157-billion-loss-from-share-values</p>
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| root_title | "Airlines' cash drawers emptied, virus causes $157 billion loss from share values" |
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