A Singapore Airlines plane sits on the tarmac at Singapore’s Changi Airport March 11, 2020. — Reuters pic
IATA said global demand, measured in cargo tonne kilometres , fell by 15.2 per cent in March compared to 12 months previously, while global capacity, in available CTKs, shrank by 22.7 per cent. The IATA announcement came as British Airways said it would slash up to 12,000 jobs and Scandinavian airline SAS said it would lay off up to 5,000 employees, both warning that it will take years for the industry to return to normal.Juniac said the airline industry was in “extreme financial difficulty”.
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