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Out of cash, but airlines try ultra-cheap fares to get people flying again

2021 is shaping up to be a transition year for an enterprise that takes passengers on the equivalent of 208 million annual trips around the globe

Topics
Global airline industry | airlines | Global economic recovery

Christopher Jasper Justin Bachman Charlotte Ryan & Will Davies | Bloomberg 



Photo: Bloomberg
Airlines raised record amounts of money in 2020. More will be required in 2021. Photo: Bloomberg

The nightmare year of 2020 brought the airline industry’s first decade of sustained profitability to a shuddering halt. The coronavirus pandemic tore through in a tumultuous, unprecedented way, leaving carriers in a deep hole, along with a constellation of aerospace manufacturers, airports and leasing firms.

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First Published: Thu, January 07 2021. 14:27 IST

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