Many airlines of the world may go bankrupt due to Corona virus
Many airlines of the world may go bankrupt due to Corona virus
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Coronavirus has created a rage all over the world. Due to this, there is a lot of damage in many places as well as on the lives of people. Let us tell you that due to the coronavirus epidemic, many airlines of the world can go bankrupt by the end of May if governments and industry do not take any action in this regard.

An aviation consultant has warned the world about this. In addition, many airlines are already technically bankrupt and are in debt. Along with this, Sydney based consultancy CAPA (CAPA) Center for Aviation has warned about this in a statement on Monday.

Along with this, the statement said that airlines are rapidly reducing their cash reserves, as their planes are not able to fly and the ones that are flying are more than half empty. CAPA said, "If airlines are to survive major catastrophe, then the joint efforts of governments and industry are needed." Kappa said that if this did not happen, then recovering from this problem would be like landing in a battlefield, where huge number of casualties would be seen.

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