July 3, 2020
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Bailout-Or-Bust For Europe's Airlines

Bailout-Or-Bust For Europe’s Airlines

AliExpress WW

European air carriers have received billions of government support since the start of the coronavirus pandemic.

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Infographics: pledge or crisis for European airlines | Statista

You will find more infographics on Statista

German Lufthansa, fourth in the world airline, received a lifebuoy of nine billion euros, Germany’s biggest corporate rescue caused by COVID-19 at the moment. This was no exception.

For example, June 26 Netherlands announced details of KLM financial support with a 3.4 billion euro assistance package.

Earlier France announced support for Air France at 7 billion euros.

However, as Raynor de Best from Statista notes, this support is paid for airlines, as most European governments attach environmental support to their support.

This is due to the fact that greenhouse gas emissions in the sector continued to grow until 2020. For example, from January to June 2019 carbon emissions from departing flights this came from Austria and Finland grew by 19 and eight percent, respectively.

Source

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