Bail or bust for Europe's airlines #infographic

Bail or bust for Europe's airlines #infographic

European airline carriers have secured government support worth billions since the onset of the coronavirus pandemic. Germany's Lufthansa, the fourth largest airline in the world, has earned a lifeline of nine billion euros, the biggest German corporate rescue so far triggered by COVID-19. There has not been any exception. For example, on June 26, the Netherlands revealed its financial support details for KLM with a bailout package worth 3.4 billion euros. France previously declared funding for Air France worth seven billion euros.

Nevertheless, this support comes at a cost for the airlines, because most European governments add their support to environmental conditions. That is because greenhouse gas emissions from the industry remained on the rise until 2020. For example, between January and June 2019, carbon emissions from departure flights originating from Austria and Finland increased respectively by 19 and eight percent.

Bail or bust for Europe's airlines #infographic

infographic by: www.statista.com

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