Airlines Could Start Going Bankrupt in Two-Three Months, Says IATA CEO

Airlines Could Start Going Bankrupt in Two-Three Months, Says IATA CEO

Assessment

Interactive Video

Business, Social Studies

University

Hard

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Quizizz Content

FREE Resource

The video discusses the severe financial crisis facing airlines globally, with a projected loss of $252 billion in revenue and a $61 billion cash burn in the second quarter. Airlines may face bankruptcy within two to three months without government intervention. Governments have announced significant financial stimulus packages, but there is an urgent need for these funds to be implemented quickly to prevent widespread airline bankruptcies.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the estimated cash burn for the airline industry in the second quarter?

500 million U.S. dollars

61 billion U.S. dollars

252 billion U.S. dollars

100 billion U.S. dollars

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How long do airlines have before they potentially run out of cash without intervention?

Two to three months

One year

Six months

One month

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What action have governments taken to support airlines during this financial crisis?

Banned international flights

Reduced airline ticket prices

Introduced financial stimulus packages

Increased taxes on airlines

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main request from airlines to governments regarding financial support?

To reduce taxes

To implement announced financial support quickly

To increase flight frequencies

To provide free fuel

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is there an urgent need for cash in the airline industry?

To expand their fleet

To address the cash burn and prevent bankruptcies

To invest in new technology

To hire more staff