$193b in losses for 10 American, European airlines

By mohamed Attia

Air transport experts expect that the impact of the coronavirus pandemic crisis will continue for years to come on the aviation industry, as the largest air transport companies in the world work to eliminate billions of dollars in debts in their balance sheets.

The past two years have seen 10 airlines in the United States and Europe incur about $193 billion in debt.

Experts say there is no quick fix to the debt build-up problem, as some airlines with weaker balance sheets have already faltered.