Even in a crisis that could dwarf 9-11, airline bailouts are a bitter pill for taxpayers to swallow. But they are also depressing for financially robust carriers dreaming of a more profitable European market. On Tuesday, the International Air Transport Association said global airlines would need $200 billion to avoid mass bankruptcies, as countries close their borders to international travelers due to the Covid-19 pandemic.

Source: Wall Street Journal March 18, 2020 10:04 UTC