Airlines are piling on more debt as surging coronavirus cases force travelers to cancel plans and stay home.
The industry’s outstanding debt has jumped 23% since 2020 to $340 billion, according to data compiled by Bloomberg. So far this year, global air carriers have sold $63 billion in
It’s more evidence that the industry faces a bumpy road ahead, with many border restrictions still in place and the high-season of summer vacations in the U.S. and Europe coming to an end.