Aviation Group Warns Most Airlines Could Be Bankrupt By Late May

The airline industry is facing severe financial challenges due to the COVID-19 pandemic, with many airlines on the brink of bankruptcy. The Center for Aviation highlights the need for coordinated global government efforts to prevent a catastrophic collapse. Criticism is directed at the lack of international cooperation, with countries adopting isolated solutions. The future may see a nationalistic airline system dominated by government-supported giants. Airlines for America has proposed federal assistance measures to mitigate the pandemic's financial impact on the industry.

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