As coronavirus spreads across the globe, a report by CAPA--Centre for Aviation has claimed that by the end of May-2020 most airlines in the world will be bankrupt amid the current COVID-19 scare.

According to the report, many airlines have probably already been driven into technical bankruptcy or are at least substantially in breach of debt covenants and most airlines in the world will go bankrupt by the end of 2020. Coordinated government and industry action is needed - now - if catastrophe is to be avoided.