Why So Many Airlines are Going Bankrupt

As macroeconomic headwinds develop in the global economy, something odd, but not really surprising, is occurring: the bankruptcy rate for airliners across the world is exploding, at a pace never seen before, reported Reuters, citing a new report from the International Bureau of Aviation (IBA). Airline bankruptcies generally start to gain pace right before an economic downturn, and during a recession, which means the latest surge in bankruptcies, from companies like India's Jet Airways, British travel group Thomas Cook and Avianca of Brazil, suggests 2020 could be a disastrous year for the global economy.






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