Airlines Looking At $314 Billion Revenue Decline

That's starting to be real money.
From FreightWaves, April 14:
Airlines face $314 billion bath as economy dives
Industry trade group warns of failures without government bailouts

The global airline industry will generate $314 billion less revenue this year than in 2019 because the coronavirus pandemic has decimated air travel, according to the International Air Transport Association (IATA). The figure represents a 55% drop in business that is putting airlines at risk of going under and will take years to recover from for those that survive, analysts say.

Just three weeks ago, the trade group estimated airline revenues would fall $252 billion short of last year’s total in a worst-case scenario that assumed travel restrictions would remain in place through June. That scenario is now reality – and could even get worse..

IATA said Tuesday its updated analysis is based on expectations that severe domestic restrictions will last three months and that some restrictions on international travel will extend even further. The March analysis also factored in less impact in Africa and Latin America, which at the time had experienced limited spread of the novel coronavirus.

Recently, China and South Korea placed new, strict restrictions on international travel after initial lockdowns successfully contained the spread of coronavirus because they don’t want to risk a second outbreak being brought back from outside.

Worldwide flights are down almost 80% from a year ago, with fleets virtually grounded outside the U.S. and Asia domestic markets. ...MORE

In the U.S. the lifeline negotiated today is $25 billion leaving a bit of a hole.
GeekWire:
Alaska Air signs on for payroll support as part of airlines’ $25B coronavirus bailout

 Alaska Airlines is among 10 passenger air carriers that plan to participate in the Treasury Department’s coronavirus payroll aid program. (Alaska Airlines Photo)