Bail or bust for Europe's airlines #infographic

Bail or bust for Europe's airlines #infographic

Since the onset of a coronavirus pandemic, European airline carriers have secured government support worth billions. Germany's Lufthansa, the world's fourth largest airline, has received a EUR 9 billion lifeline, the biggest German corporate rescue operation so far caused by COVID-19. There was no exception here. The Netherlands, for example, announced its financial assistance information for KLM on June 26, with a bailout package worth 3.4 billion euros. France previously announced seven billion euros worth of support for Air France.

However, this support comes at the airlines' cost, because most European governments are adding their support to environmental conditions. This is because the industry's greenhouse gas emissions stayed on the rise until 2020. For example, between January and June 2019, carbon emissions from flight departures from Austria and Finland increased by 19 and eight per cent respectively.

Bail or bust for Europe's airlines #infographic

infographic by: www.statista.com

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