What are the 23 global airlines closing down 2020

During the epidemic, a lot of industries have begun to close down, it is very regrettable, I believe that you have recently heard the news, that is, 23 airlines around the world have begun to close down, do you know which airlines are there? I'll give you this to organize the recent airline information!

What are the 23 global airline closures

According to reports, the 23 airlines that have gone bankrupt since the outbreak of the new crown include India's Deccan Airlines, Canada's Air Georgia, Alitalia, Turkey's Atlas Air Worldwide, Peru's Colombian Airlines, the U.S.'s Compass Airlines, Italy's Ernesto Airways, and the UK's Fleabie Airways, Argentina's Air Latam, Austria's Air Europa L?wer, U.S. Miami International Airlines, Thailand's Coolbird Airlines, Chile's OneAirlines, U.S. Lavon Air, South African Airways, Germany's Sun Express Airlines, Ecuador's National Air Transport, Tiger Airways Australia, U.S. Trans States Airlines, and Virgin Australia, among others.

British media said air travel may have resumed in some parts of the world, but for some airlines it was too late. International travel restrictions imposed to curb the new crown outbreak have led to the closure of 23 airlines around the world.

In Britain, the Foreign and Commonwealth Office issued advice to halt travel in mid-March, and it was not until late June that the travel ban was lifted for a limited number of countries, the Daily Telegraph reported on its Web site on July 21st.

The International Air Transport Association predicted last month that global losses could be in the billions of dollars as air traffic around the world drops to one-third of pre-outbreak levels.

The outbreak has placed a heavy financial burden on some companies. Among the worst losers are Britain's Flappy Airways and Virgin Australia.

The report notes that some other big companies are also showing signs of struggling. Emirates said it would lay off 30 percent of its workforce because of the outbreak. Thousands of British Airways employees are also at risk of layoffs.

Other aviation situations

The International Air Transport Association (IATA) predicted last month that global losses could reach billions of dollars as global air traffic remains at only about a third of pre-pandemic levels.

The financial burden of a pandemic would be too great for some airlines, with the biggest losers including Flybe, the U.K.'s domestic carrier that has been operating since 1979, and Virgin Australia, which was founded 20 years ago.

Even if they are not bankrupt, the big airlines that remain are struggling. Recently, British Airways, Lufthansa, Emirates and Qantas have announced plans for thousands of layoffs and unpaid furloughs.

American Airlines and Southwest Airlines both suffered quarterly losses, according to earnings reports released Thursday. Revenue at both Texas-based carriers fell sharply in the second quarter, with American's second-quarter revenue dropping more than 86 percent to $1.6 billion from nearly $12 billion a year earlier, and Southwest's revenue plummeting nearly 83 percent to just over $1 billion from $5.9 billion a year earlier. The chief executives of both airlines don't expect demand for air travel to fully recover until a new vaccine or treatment for Crown pneumonia is available.

Southwest's chief executive, Gary Kelly, told investors, "We must now work even harder to adjust our capacity for August and September to meet our goal of continuing to reduce capacity and daily cash burn. My goal remains to be on a path to break-even by the end of the year, but reaching that goal by the first quarter of next year may be more realistic." According to Southwest's estimates, the company's third-quarter capacity will be down 20 percent to 30 percent from the same period last year.

American Airlines warned 25,000 employees last week that they could be at risk of losing their jobs and urged them to apply for voluntary separation programs and early retirement.

In addition, on July 16 local time, Israel Airlines announced that the vast majority of the company's 6,500 employees would remain on unpaid leave after the company extended the grounding of its flights until the end of August because of the still-spreading outbreak of neococcal pneumonia. Chief Executive Officer Gonen Ussishkin said that Israel Airlines has now met the basic conditions for receiving a bailout. Local media have reported that if Israel Airways declares bankruptcy, the Israeli government is likely to take over the company and control its equity.

This is all this information about airlines lately, and when you buy a ticket, make sure you check the airfare well to see if it's enough, and also buy your ticket in advance, because airfare is still very tight these days.